Brazil`s BNDES arm not considering selling JBS stake, CEO says
(World News Brazil)

The investment arm of Brazil`s state development bank BNDES is not considering selling a 21 percent stake in meatpacker JBS SA, whose controlling shareholder remains ensnared in a corruption scandal and a mudslinging with the country`s president. Speaking at a Tuesday event in Rio de Janeiro, BNDES Chief Executive Officer Paulo Rabello de Castro said that BNDESPar is not mulling exiting the company, because the moment now is `to help preserve jobs and revenue` at JBS, which is the world`s second-largest food processor. ......