BNDES trims JBS stake, plans further sales Bank sees meatpacker as consolidated, eyes cash for new investments21 May 2025 21 May 2025 2 minute read 2 minute read By: By: Global Ag Media South AmericaBrazilian state development bank BNDES will keep selling shares in JBS after reducing its stake in the meatpacking company to about 18.2% from 20.8%, Reuters reported, citing two sources familiar with the transaction on Tuesday. JBS unveiled in a securities filing on Tuesday that BNDESPar had cut its stake in the firm from April 23 to Tuesday. According to the sources, the share sales hit their largest daily volume on Tuesday. BNDES does not intend to exit its stake in JBS immediately and does not have a deadline to conclude the move, the sources said, adding that the share sales would depend on market conditions. "By selling the shares, BNDES can strengthen its cash flow and make more investments and disbursements," one of the sources said.