The Brazil-based company slaughters 21m cattle per year.
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The world’s largest meat processor, JBS, has officially begun the corporate restructuring process first announced back in May that will see the company’s international operations listed on the New York stock exchange but headquartered in Ireland.
The Brazil-based company, which slaughters 21m cattle per year, is to split its business into two entities – JBS Brazil and JBS Foods International.
JBS Brazil will comprise all of its Brazilian operations, while the group’s international processing operations in the US, Australia and Europe will be merged into a new company called JBS Foods International, based out of an office in the IFSC in Dublin. This will see more than €30bn worth of its assets shifted to Dublin.
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It is understood Ireland’s favourable tax rate is not the main reason behind this decision to be domiciled in Dublin.
JBS is the world’s largest meat processor with a turnover of €46bn, an estimated 20 times greater than ABP.
Listen to a discussion of JBS's move in our podcast below:
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The world’s largest meat processor, JBS, has officially begun the corporate restructuring process first announced back in May that will see the company’s international operations listed on the New York stock exchange but headquartered in Ireland.
The Brazil-based company, which slaughters 21m cattle per year, is to split its business into two entities – JBS Brazil and JBS Foods International.
JBS Brazil will comprise all of its Brazilian operations, while the group’s international processing operations in the US, Australia and Europe will be merged into a new company called JBS Foods International, based out of an office in the IFSC in Dublin. This will see more than €30bn worth of its assets shifted to Dublin.
It is understood Ireland’s favourable tax rate is not the main reason behind this decision to be domiciled in Dublin.
JBS is the world’s largest meat processor with a turnover of €46bn, an estimated 20 times greater than ABP.
Listen to a discussion of JBS's move in our podcast below:
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