financetom
Business
financetom
/
Business
/
Brazil regulator postpones shareholder meeting on Marfrig-BRF deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil regulator postpones shareholder meeting on Marfrig-BRF deal
Jun 17, 2025 7:00 AM

SAO PAULO (Reuters) -Brazilian securities regulator CVM has postponed a shareholder vote on the takeover of poultry and pork processor BRF by beef processor Marfrig, the companies said in a securities filing on Tuesday.

Shareholders from both firms were set to vote on Wednesday on a deal announced in May that would allow Marfrig - already the holder of a controlling stake in BRF - to complete its takeover in a share-swap deal, forming a global company called MBRF.

According to a document on the CVM website, the regulator postponed the meeting for 21 days following a request from minority shareholders, who said they need more information to understand the criteria for each company's valuation and the deal's exchange ratio.

BRF and Marfrig in a joint securities filing said the regulator requested additional information from both companies on the terms of their proposed tie-up.

They added that they were analyzing the CVM's decision and studying their options, including a potential request for reconsideration of the postponement.

The companies had previously said that the takeover was subject to approvals, including in the respective shareholders' meetings.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved