BRAZILIAN-BASED JBS SA, the largest beef processor in the world and, through JBS USA, the third-largest beef and third-largest pork processor in the US, will delay until January its initial public offering of JBS USA shares.
The offering, planned for this month, was to total $US2 billion.
The company says it now wants to incorporate its acquisition of majority ownership in Pilgrim's Pride Corp, the huge US poultry processing group, into JBS USA before proceeding with the share sale.
JBS headquartered in Sao Paulo, Brazil, reported group sales totalling $US12.7 billion for fiscal 2008.
Email a friend