Adds JBS remark, share transfer
SAO PAULO, June 11 (Reuters) – BRF BRFS3.SA shares pared early positive aspects on Friday after O Globo columnist Lauro Jardim reported that meatpacker JBS JBSS3.SA was presumably thinking about shopping for the Brazilian meals processor.
BRF shares, which had risen as much as 10% on the market opening, had been up 2% nearly one hour into the buying and selling session, at 28.50 reais. JBS informed Reuters it doesn’t touch upon “hypothesis” after the report within the O Globo newspaper.
Rival meatpacker Marfrig World Meals MRFG3.SA introduced final week it reached a 31% stake in BRF and has knowledgeable Brazilian antitrust watchdog CADE of the deal..
Though Marfrig has turn into the biggest shareholder in BRF, the corporate has insisted it is not going to take over its rival and can be a passive investor.
(Reporting by Tatiana Bautzer and Paula Laier; Modifying by Alexander Smith)
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