JBS ceo says F&B holding to swap jbs shares into vigor stock

JBS SA said F&B Holding agreed to swap its JBS shares into Vigor Alimentos SA stock, JBS Chief Executive Officer Wesley Batista told investors today on a conference call.

JBS, the world’s largest beef producer, said yesterday it will spin off its Vigor dairy unit and list shares in Sao Paulo as it seeks to gain market share from rivals Nestle SA and BRF - Brasil Foods SA.