Brazilian meat processing giant JBS is advancing towards a dual listing of its shares on the New York Stock Exchange (NYSE) and the Brazilian market, following a recent agreement with its second-largest shareholder, BNDESPar. The deal, which allows BNDESPar to abstain from voting on the listing, is expected to facilitate the sale of JBS shares in both markets. JBS, controlled by the Batista family through their holding company J&F Investimentos, has over 48% ownership, while BNDESPar holds a 20.8% stake valued at approximately R$ 15.3 billion. Following the announcement of the agreement, JBS shares surged by 15%, with analysts projecting that BNDES could earn R$ 12.7 billion from the dual listing. This move positions JBS closer to potential inclusion in the S&P 500 index.