SÃ O PAULO—Brazilian meatpacking giant JBS SA said late Monday it is planning a U.S. initial public offering of its JBS Foods International BV unit in the first half of next year.

JBS Foods International is a new subsidiary of JBS that groups together the company's international operations. JBS said it will retain control of the new unit and will continue to manage and control the company's Brazilian beef unit operations.

The company didn't provide any information on how big a stake will be sold, or for how much.

Earlier this year, the company announced a plan to spin off its international businesses into a new company with headquarters in Ireland and list the new company's shares in the U.S. That plan could have turned the Irish company into the parent of the Brazilian company.

JBS had to cancel that plan after the Brazilian state development bank, which owns a significant stake in the meat packer, rejected the proposal.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

December 05, 2016 19:05 ET (00:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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