Brazilian meatpacker Marfrig looking to raise up to $443 mln
The issuance will cover up to 300 million shares
15 August 2023
1 minute read
By: 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)
