<SEC-DOCUMENT>0001140361-25-031237.txt : 20250814
<SEC-HEADER>0001140361-25-031237.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250814161407
ACCESSION NUMBER:		0001140361-25-031237
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250814
DATE AS OF CHANGE:		20250814

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JBS N.V.
		CENTRAL INDEX KEY:			0001791942
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			P7

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-95184
		FILM NUMBER:		251219219

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		STROOMBAAN 16
		STREET 2:		5E VERDIEPING
		CITY:			AMSTELVEEN
		PROVINCE COUNTRY:   	P7
		BUSINESS PHONE:		31206564700

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		STROOMBAAN 16
		STREET 2:		5E VERDIEPING
		CITY:			AMSTELVEEN
		PROVINCE COUNTRY:   	P7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JBS B.V.
		DATE OF NAME CHANGE:	20221121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Swift Foods B.V.
		DATE OF NAME CHANGE:	20200203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Violet Holdings B.V.
		DATE OF NAME CHANGE:	20191022

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BNDES Participacoes S.A.
		CENTRAL INDEX KEY:			0001715696
		ORGANIZATION NAME:           	
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		AV. REPUBLICA DO CHILE, 100 - 20 ANDAR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20031-917
		BUSINESS PHONE:		55 21 3747-7447

	MAIL ADDRESS:	
		STREET 1:		AV. REPUBLICA DO CHILE, 100 - 20 ANDAR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20031-917
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001715696</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<securitiesClassTitle>Class A Common Shares, Euro 0.01 par value per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001791942</issuerCik>
<issuerName>JBS N.V.</issuerName>
<issuerCusip>N4732M103</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>Stroombaan 16, 5th Floor</com:street1>
<com:city>Amstelveen</com:city>
<com:stateOrCountry>P7</com:stateOrCountry>
<com:zipCode>1181 VX</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>BNDES Participacoes S.A.</reportingPersonName>
<citizenshipOrOrganization>D5</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>201676700</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>201676700</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>201676700</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>24.77</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
<comments>Percentage of the class beneficially owned is calculated based on 814,216,001 Class A Common Shares of the Issuer outstanding as of July 2, 2025.</comments>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Banco Nacional de Desenvolvimento Economico e Social</reportingPersonName>
<citizenshipOrOrganization>D5</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>201676700</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>201676700</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>201676700</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>24.77</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
<comments>These shares are directly beneficially owned by BNDESPAR, which is a wholly-owned subsidiary of BNDES. BNDESPAR's Board of Executive Officers is responsible for making decisions related to voting or disposing of the reported shares. The Board of Executive Officers of BNDESPAR is comprised of 10 members, all of which are also officers of BNDES. Decisions of the Board of Executive Officers of BNDESPAR are taken at meetings by a majority of the members present. The officers of BNDES are appointed by the Board of Directors of BNDES.&#13;
&#13;
Percentage of the class beneficially owned is calculated based on 814,216,001 Class A Common Shares of the Issuer outstanding as of July 2, 2025.</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>JBS N.V.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>Stroombaan 16, 5th Floor, Amstelveen, Netherlands, 1181 VX</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>(i) BNDES Participacoes S.A. - BNDESPAR&#13;
(ii) Banco Nacional de Desenvolvimento Economico e Social - BNDES (collectively, the "Reporting Persons")</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>Av. Republica do Chile, 100 - Centro, Rio de Janeiro, R.J., Brazil</principalBusinessOfficeOrResidenceAddress>
<citizenship>Federative Republic of Brazil</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>
<item4>
<amountBeneficiallyOwned>201,676,700 &#13;
&#13;
These shares are directly beneficially owned by BNDESPAR, which is a wholly-owned subsidiary of BNDES. BNDESPAR's Board of Executive Officers is responsible for making decisions related to voting or disposing of the reported shares. The Board of Executive Officers of BNDESPAR is comprised of 10 members, all of which are also officers of BNDES. Decisions of the Board of Executive Officers of BNDESPAR are taken at meetings by a majority of the members present. The officers of BNDES are appointed by the Board of Directors of BNDES.</amountBeneficiallyOwned>
<classPercent>24.77%&#13;
&#13;
Percentage of class beneficially owned by the Reporting Persons is calculated based on 814,216,001 Class A Common Shares of the Issuer outstanding as of July 2, 2025.&#13;
&#13;
The shares beneficially owned by the Reporting Persons represent 5.36% of the total outstanding voting power in the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Persons by the voting power held by all holders of the Issuer's outstanding Class A Common Shares (814,216,001), who are entitled to one vote per share, combined with the voting power held by all holders of the Issuer's outstanding Class B Common Shares (294,842,184), who are entitled to ten votes per share.</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>0</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>201,676,700</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>201,676,700</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>Y</notApplicableFlag>
</item10>
</items>
<signatureInformation>
<reportingPersonName>BNDES Participacoes S.A.</reportingPersonName>
<signatureDetails>
<signature>/s/ MARCELO MARCOLINO</signature>
<title>Marcelo Marcolino, Attorney-in-fact</title>
<date>08/14/2025</date>
</signatureDetails>
<signatureDetails>
<signature>/s/ MARCIO BERNARDO SPATA</signature>
<title>Marcio Bernardo Spata, Attorney-in-fact</title>
<date>08/14/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>Banco Nacional de Desenvolvimento Economico e Social</reportingPersonName>
<signatureDetails>
<signature>/s/ MARCELO MARCOLINO</signature>
<title>Marcelo Marcolino, Attorney-in-fact</title>
<date>08/14/2025</date>
</signatureDetails>
<signatureDetails>
<signature>/s/ MARCIO BERNARDO SPATA</signature>
<title>Marcio Bernardo Spata, Attorney-in-fact</title>
<date>08/14/2025</date>
</signatureDetails>
</signatureInformation>
</formData>

</edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20053987_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <head>
    <title></title>
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  <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
  <div style="font-weight: bold; text-align: right;"> Exhibit 99.1<br>
    </div>
  <div> <br>
    </div>
  <div>
    <div style="text-align: center;">JOINT FILING AGREEMENT</div>
    <div><br>
    </div>
    <div>THIS JOINT FILING AGREEMENT (this &#8220;Agreement&#8221;) is made and entered into as of this 14th day of August 2025, by and among BNDES Participa&#231;&#245;es S.A. &#8211; BNDESPAR
      (&#8220;BNDESPAR&#8221;) and Banco Nacional de Desenvolvimento Econ&#244;mico e Social &#8211; BNDES (&#8220;BNDES&#8221;).</div>
    <div><br>
    </div>
    <div>In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), the parties to this Agreement hereby agree to
      prepare jointly and file timely (and otherwise to deliver as appropriate) all filings on Schedule 13D or 13G relating to their ownership (direct or otherwise) of any securities of JBS N.V. and any and all amendments thereto and any other document
      relating thereto (collectively, the &#8220;Filings&#8221;) required to be filed by them pursuant to the Exchange Act. This Agreement may be included as an exhibit to any such joint filing. Each party to this Agreement further agrees and covenants to the other
      parties that it will fully cooperate with such other parties in the preparation and timely filing (and other delivery) of all such Filings. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one
      and the same instrument. Each party to this Agreement acknowledges that it shall be responsible for the timely filing of such Filings, and for the completeness and accuracy of the information concerning itself or contained herein and therein, but
      shall not be responsible for the completeness and accuracy of the information concerning the other parties to this Agreement contained herein or therein.</div>
    <div><br>
    </div>
    <div>IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.</div>
    <div><br>
    </div>
    <div>BNDES Participa&#231;&#245;es S.A. &#8212; BNDESPAR</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zf30eae98734a45179112cf2aadbbc3d1" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div>By: /s/ <font style="font-variant: small-caps;">Marcelo Marcolino</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 80%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>Marcelo Marcolino</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>Attorney-in-fact</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div>By: /s/ <font style="font-variant: small-caps;">M&#225;rcio Bernardo Spata</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 80%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>M&#225;rcio Bernardo Spata</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>Attorney-in-fact</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div>Banco Nacional de Desenvolvimento Econ&#244;mico e Social &#8212; BNDES</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div>By: /s/ <font style="font-variant: small-caps;">Marcelo Marcolino</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 80%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>Marcelo Marcolino</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>Attorney-in-fact</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div>By: /s/ <font style="font-variant: small-caps;">M&#225;rcio Bernardo Spata</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 80%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>M&#225;rcio Bernardo Spata</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div>Attorney-in-fact</div>
          </td>
          <td style="width: 80%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>


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</SEC-DOCUMENT>
