RIO DE JANEIRO, BRAZIL - (REUTERS) Brazilian beef producer Marfrig Global Foods SA said on Friday it had bought almost a quarter of BRF SA’s outstanding shares and aimed to diversify its holdings rather than influence management.
Marfrig bought up the 24% stake in BRF, the world’s largest poultry exporter that also processes pork, spending what a source familiar with the matter said was about US$800 million. The transaction comes almost two years after previous failed merger talks between the two companies.
But Marfrig said it would be only a passive investor with no representation on BRF’s . . .
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