SAO PAULO May 16 JBS SA, the world's
largest meatpacker, will maintain plans to list its U.S.
subsidiary in the second half of the year despite a police
investigation into potentially fraudulent loans, Chief Executive
Wesley Batista said on Tuesday.
A court last week ruled that the CEO and his brother Joesley
Batista, currently JBS chairman, cannot make major changes to
the company until the end of the probe.
In a conference call, Wesley said the decision did not
obstruct the initial public offering (IPO), acquisitions or
divestment plans, only transactions that alter the company's
controlling shareholder structure.
(Reporting by Paula Laier; Writing by Bruno Federowski; Editing
by Daniel Flynn)