Marfrig reaches 35.8% of BRF’s capital

BRF announced on Tuesday that Marfrig has reached a 35.77% stake in the total shares of the owner of the Sadia and Perdigão brands, according to a statement released to the market.

The world’s largest hamburger maker’s stake in Brazil’s largest chicken meat processor equates to 601,890,861 shares, BRF said.

Marfrig told BRF that it “aims to increase its stake in BRF,” but that it “does not aim to change the current controlling composition or the current administrative structure of the company,” according to a statement from the chicken processor .

Source: Terra

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