Brazil Daily

A meat behemoth to be created in Brazil

A meat behemoth to be created in Brazil

Meat companies BRF and Marfrig are keen to merge their operations, creating a giant in the meat sector with diversified production and annual revenue of roughly BRL 80bn. The two firms reached a deal for exclusive negotiations with each other for the next 90 days—extendable for an extra 30.

The terms of the deal would give BRF 85% of shares of the new company, while Marfrig shareholders would control 15% of equity.

The move was announced after the market closed yesterday, but investors in New York welcomed it—BRF’s...

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