Minerva vows to cut debt after paying for large acquisition
Analysts have been worried about the company's debt levels
24 March 2025
1 minute read
By: Executives at Minerva, South America's largest beef exporter, said on Thursday the company will be able to reduce debt this year and in the next after paying for a large acquisition, reported Reuters.
Analysts have for some time worried about the company's debt levels after Minerva announced an agreement to pay around 7.5 billion reais ($1.33 billion) for certain assets of competitor Marfrig.
($1 = 5.6552 reais)
