Adds sourcing, background on failed talks, media studies
SAO PAULO, Might 21 (Reuters) – Brazilian beef producer Marfrig International Meals SA MRFG3.SA has been shopping for shares in BRF SA BRFS3.SA, the world’s largest poultry exporter, an individual with information of the matter advised Reuters on Friday.
Newspaper Valor Econômico additionally reported that Marfrig was shopping for shares out there following a dramatic 22% three-day rally for BRF, which additionally produces pork and frozen meals.
Monetary information web site Brazil Journal reported that Marfrig had already acquired a 4.9% stake in BRF from pension fund Previ and different sellers. The web site mentioned that Marfrig’s controlling shareholder Marcos Molina was not planning to mix the 2 corporations, with out saying the way it obtained that data.
BRF shares had been up greater than 10% on Friday alone, whereas Marfrig’s had been down about 3% in uneven commerce. Neither of the businesses had an instantaneous touch upon the report.
BRF and Marfrig had mentioned a possible takeover two years in the past, however broke off talks in July 2019.
(Reporting by Tatiana Bautzer Writing by Ana Mano Modifying by Brad Haynes)
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