Brazilian development bank BNDES has asked banks for proposals to sell a stake worth 5 billion reais ($1.2 billion) in meatpacker JBS SA, sources with knowledge of the matter said. The shareholders agreement in the company requires BNDESPar to keep its stake at no less than 15% if it wants a seat on the board and a veto on some issues, according to public documents. Banks will advise BNDES on the best timing for the offering. …read more
Source:: Yahoo Finance
