Deals
BNDES Weighs Selling $3.5 Billion JBS Stake After Earnings
- Brazil bank expects strong results to boost pricing for sale
- BNDES will decide whether to offer stake in one tranche or two
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Brazil’s development bank is considering holding off on the sale of its stake in JBS SA until after the beef giant reports record-breaking earnings late next month, people with direct knowledge of the matter said.
BNDES, as the state bank is known, expects a strong fourth-quarter report to boost pricing in the offering of its JBS shares, the people said, asking not to be identified because talks are private. A final decision on timing may be made next week, they said.