From WATTAgNet:
JBS SA has been given regulatory approval to delay an initial public offering (IPO) of its JBS Foods unit, which produces value-added pork, poultry and food products. In delaying the IPO, JBS puts off its plan to raise BRL4 billion (US$1.61 billion) for a period that could stretch into 2015.
JBS, a Brazil-based company, had been working with banks on theIPO, but opted to wait, wary that uncertainty from an upcoming presidential election may deter investors.
The request to make JBS Foods a public company was removed from securities industry watchdog CVM's website, but the application to file for the IPO remained there.


This marks the third time since June that JBS Foods has put the stock offering on hold. 
JBS Foodsaccounted for nearly 10 percent of JBS's $40 billion in revenue in 2014. JBS has stated that it intends to list JBS Foods on the São Paulo Stock Exchange's Novo Mercado.
With an IPO, JBS had hoped to use the money raised to help pay down debt and make investments. Recent purchases made by JBS include Seara, Massa Leve and assets from Canada’s XL Foods. The company and its subsidiary Pilgrim’s also have a pending deal with Tyson Foods to purchase its and Brazilian and Mexican operations, known respectively as Tyson do Brasil and Tyson de Mexico. The acquisition of Tyson units is expected to be finalized before the end of 2014.

UPDATE 3-Brazil's JBS Foods to delay IPO

(Adds Credit Suisse participation, share price) SAO PAULO, Oct 21 (Reuters) - JBS SA received regulatory approval to delay an initial public offering of its JBS Foods unit in Brazil, according to a securities filing on Tuesday, putting off a plan to... SAO PAULO Oct 21 (Reuters) - JBS SA ...
Read more at Reuters