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- Last year, Marfrig agreed to sell 16 slaughtering plants in South America in a deal worthing 7.5 billion reais, as it plans to focus on higher-value branded processed meat products and premium fresh cuts in the region.
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Aug 29, 2023 · Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) in a deal that will significantly change its profile in South...
2 days ago · The companies continue to expect Uruguay to authorize the conclusion of the deal. In the agreement announced in August 2023, Marfrig agreed to sell, for R$7.5 billion, 16 of its plants in South America to Minerva, which has already paid R$1.5 billion for the assets. The three units located in Uruguay are valued at R$675 million.
Aug 28, 2023 · SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) in a deal that will significantly change its...
- Marfrig Global Foods S.A.
- North America Operation
- South America Operation Or Latin America Operation
Marfrig Global Foodsis a global leader in the production of hamburger meat patties and the 2nd largest beef producer in the world. Our facilities consist of 33 production units, strategically located in South America and North America. The Company’s activities include the production, processing, industrialization, sale and distribution of food base...
The North American division is responsible for approximately 75% of Marfrig’s consolidated results in the last nine months ended September 30, 2020 and is represented by the National Beef company, the fourth largest beef producer and recognized as the most profitable and efficient company in the United States beef industry. The division has three s...
This Marfrig division is responsible for approximately 25% of the consolidated Net Revenue for the nine months ended September 30, 2020, and one of the main beef producers in South America, with a slaughter capacity of roughly 17,000 animals/day, which totals more than 5 million heads/year. he South American division has production facilities in Br...
Aug 29, 2023 · Bloomberg — Brazil’s Minerva SA agreed to buy some assets from rival Marfrig Global Foods SA for $1.5 billion, a “pricey” deal that will create a South American beef giant. Minerva shares slumped.
May 16, 2024 · Marfrig reported net revenue, excluding assets in South America it has agreed to sell, of 30.4 billion reais ($5.9 billion), up 3.8% year-on-year, driven by increases in all its divisions -...
May 17, 2024 · Marfrig agreed in August to sell 16 slaughtering plants to Minerva for 7.5 billion reais ($1.47 billion), in a deal that would significantly change its profile in South America.
