JBS Foods International

On 5 August 2016 it was intended to be registered in the Republic of Ireland as JBS Foods International Designated Activity Company, for its SEC IPO filing to permit it to be traded on the American NYSE market.

[4] It was also intended to trade on the São Paulo Stock Exchange under a Brazilian Depositary Receipt program it was to operate.

[5] It substituted for its IPO on 6 December 2016 a Dutch operation called JBS Foods International B.V.[5] In December 2016, JBS S.A. announced a re-organization plan, part of which involved planning an initial public offer in the United States for its international operations.

The intended IPO is expected to be performed through the vehicle company JBS Foods International, because JBS S.A., J&F Investimentos and other companies of the group are involved in 6 different operations from the Brazilian Federal Police, including Operation Car Wash, Bullish, Greenfield, Carne Fraca and Cui Bono.

JBS S.A.'s main shareholders, Joesley Batista and Wesley Batista collaborated with the Brazilian police as whistle-blowers[6] for Operation Car Wash, where they confessed to over 12 years of crimes,[7] including bribery, active corruption, insider trading, and many other, which helped the JBS group to grow above the market after a series of acquisitions in part funded by loans from banks controlled by the state of Brazil.