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JBS minority shareholders approve dual US-Brazil listing
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JBS minority shareholders approve dual US-Brazil listing
May 26, 2025 1:18 PM

SAO PAULO, May 23 (Reuters) -

Brazilian meatpacker JBS on Friday secured

shareholder support to move ahead with a long-planned dual

listing of shares in both the United States and Brazil, it said

in a securities filing.

At a shareholder assembly, the company's listing plan

was approved by the votes from minority shareholders, cast both

remotely and in person voting.

On Thursday, the company said a

preliminary count

showed about 52% of remote votes were against the plan,

raising doubts about its chances.

Analysts and proxy advisory firms had debated the merits

of the company's dual listing proposal.

Some touted the chance to bring its valuation in line

with international peers with a U.S. listing, but some advisory

firms warned that a new dual-class share structure was likely to

reduce the voting power of minority shareholders.

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