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Brazil's BRF minority shareholders back Marfrig deal
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Brazil's BRF minority shareholders back Marfrig deal
Aug 3, 2025 7:01 PM

SAO PAULO, Aug 2 (Reuters) - The majority of minority

shareholders of Brazilian poultry and pork processor BRF

have approved a proposed tie-up with beefpacker

Marfrig, according to a securities filing on

Saturday.

The move will create another global food company with

origins in Brazil and factories in South America, North America,

the Middle East and China.

The filing showed 71.4% of minority shareholders in BRF

approved the terms of the deal with Marfrig, not including

abstentions.

Shareholders representing 90% of BRF's free float cast their

votes, the filing said.

The results indicate support for the deal's completion ahead

of an extraordinary general shareholders meeting scheduled for

August 5.

In May, Marfrig unveiled a plan to complete its takeover of

BRF, a move that could be followed by the listing of shares of

the combined corporate entity, to be called MBRF, in the United

States.

In public disclosures, Marfrig and BRF said the proposed

deal would involve a share swap whereby BRF shareholders would

receive 0.8521 shares of Marfrig for each BRF share they own.

MBRF will also control Marfrig-owned National Beef, a meat

processor based in the United States.

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