Brazilian meatpacker Marfrig looking to raise up to $443 mln

The issuance will cover up to 300 million shares
calendar icon 15 August 2023
clock icon 1 minute read

Brazilian meatpacker Marfrig Global Foods announced on Monday it will issue new shares as it seeks to raise up to 2.2 billion reais ($443.3 million) from investors, reported Reuters.

The company said the issuance will cover up to 300 million shares, priced at 7.21 reais per share.

In May, Marfrig bought shares in an offering by BRF, along with Saudi Arabian agricultural and livestock investment firm SALIC.

($1 = 4.9631 reais)

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