Brazilian meat powerhouse Minerva SA is delaying the initial public offering of its Athena Foods unit as an escalation in U.S. and China trade tensions roil markets.

Brazilian meat processor Minerva plans to sell a 25% stake in its Chile-based subsidiary Athena Foods to a Nasdaq-listed special purpose acquisition company (SPAC) for US$200m.

Brazilian food company Minerva SA on Monday said it is aiming for an initial public offering (IPO) of its Athena Foods subsidiary in April 2020, despite risks associated with the operation in ...