Marfrig is the main shareholder of BRF
Marfrig has become the main shareholder of BRF, after paying $800 million in ordinary BRF shares on the Sao Paulo Stock Exchange. Both companies are located in Brazil and are representing some of the world's largest meat exporters, with Marfrig covering red meat and poultry sectors.
Marfrig is one of the Brazilian largest meat exporters as well as BRF. The company started placing its investments in some of the domestic competitors' shares. So far, in a statement issued after the operation, it appears that there is no intention to name or vary the members of the Board of Directors, to try to influence decisions about BRF activities.
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