March 20, 2018 / 5:08 PM / 4 months ago

BRIEF-BNDES CEO Rabello says bank will not sell JBS stake, current prices too low

March 20 (Reuters) - Jbs Sa:

* BRAZIL'S DEVELOPMENT BANK BNDES DECIDED ITS INVESTMENT ARM WON'T SELL PART OR FULL STAKE IN BRAZIL'S JBS- CEO

* BNDES CEO RABELLO SAYS STAKE IN JBS HAS POTENTIAL TO BE VALUED AT MUCH HIGHER PRICES THAN CURRENT VALUATION

* BNDES CEO RABELLO SAYS BANK CANNOT CONSIDER SELLING ITS STAKES IN JBS DUE TO FLAWS IN THE MEATPACKER'S CORPORATE GOVERNANCE Source text for Eikon: Further company coverage: (Reporting by Tatiana Bautzer)

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