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JBS cancels reorganization after shareholder veto

Brazil's JBS SA will evaluate alternatives to unlock the company's value after shareholder BNDES Participações (BNDESPar) vetoed its corporate reorganization plans announced in May, global CEO Wesley Batista told analysts in conference calls. Batista did not detail what alternatives the company will consider. The world's largest meat processor previously considered listing its Brazilian poultry and processed foods unit Seara, and JBS USA as a strategic alternative.

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