Marfrig completed the acquisition of a 47.01% stake in BRF for $4.215bn.

Marfrig, a beef processor, completed the acquisition of a 47.01% stake in BRF, a poultry and pork processor for $4.215bn. Under the proposed merger, BRF shareholders, excluding Marfrig, would receive 0.8521 common shares of Marfrig for each common share of BRF held on the closing date. “The merger aims to create a global food company based on a multiprotein platform, with a strong presence in both domestic and international markets, portfolio diversification, scale, efficiency, and sustainability, providing significant benefits to both companies, their shareholders, customers, suppliers, employees, and other stakeholders, generating operational, financial, and strategic synergies," Marfrig and BRF.