A sufficient number of JBS bondholders have consented to a global reorganization of the company, JBS announced Wednesday. Under the plan, a new Ireland-based company, entitled JBS Foods International, will group together the company’s operations and those of Brazil-based food processor Seara Alimentos.
JBS USA and JBS SA asked holders of notes due between 2020 to 2025 to consent to the global reorganization proposed by JBS in May. The plan, which involves listing JBS Foods International on the New York Stock Exchange, also requires approvals from shareholders and regulators.
