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Stock impact report

MINERVA FOODS COMPLETES TRANSACTION TO ACQUIRE MARFRIG SLAUGHTER AND DEBONING PLANTS IN BRAZIL, CHILE AND ARGENTINA

MINERVA SA S/ADR (MRVSY) 
NASDAQ:AMEX Investor Relations: ir.minerva.ind.br
Company Research Source: PR Newswire
With the closing of the transaction in the three countries, the company becomes the second-largest beef producer in South America and expands its access to international markets, such as North America, Europe, the Middle East, and Asia.SAO PAULO, Oct. 28, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leading exporter of fresh beef and its derivatives in South America, after receiving approval from Brazil's antitrust authority (CADE), completed the acquisition of Marfrig assets in Brazil today. The Company completed the acquisition of 13 plants slaughter and deboning plants for cattle and sheep, as well as a distribution center, to its operations, in accordance with the transaction announced in August of last year.As of now, the company will have the capacity to slaughter 22,336 head a day in 21 plants in the Brazilian market. The company is also moving forward with the integration of 1 cattle slaughter and deboning plant in Argent Show less Read more
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