Brazil

Marfrig's Molina takes control over BRF

Mergers & Acquisitions

Marfrig owns a 33% stake in BRF and discussions about a merger may be resumed after three years.

Posted on Mar 31 ,08:09

Marfrig's Molina takes control over BRF

Marcos Molina, the man who founded Marfrig, one of the largest beef producers in Brazil, is now taking control over BRF after being appointed as the new chairman of the company. Since 2021, Marfrig has become BRF's largest shareholder, with a 33.3% stake. Talks about a merger between the two Brazilian meat giants were held in 2018 and 2019 but with no result.
Marcos Molina has been appointed the new chairman of BRF at the beginning of the week and market analysts expect discussions about a merger to be resumed in the following months.
At a shareholders meeting, BRF also approved the appointment of Santander Brasil Chairman Sergio Rial as vice-president of the board, according to the meeting minutes. Rial's nomination was also proposed by Marfrig.
Marfrig started building its stake in poultry and pork processor BRF in May 2021 but said at the time the move was aimed at diversifying its holdings rather than influencing management.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

NEW ZEALAND

New Zealand farmers reject National Farmers’ Union of England lamb claims

"New Zealand upholds high animal welfare and environmental standards, making it an ideal partner ...


Read more Read more
GERMANY

Vion: Management change in Crailsheim

As of 1 June this year, Vion will be handing over the management of the Crailsheim abattoir to ne...


Read more Read more
USA

Queensland grainfed beef delegation to US

MLA partnered with Toowoomba and Surat Basin Enterprise (TSBE) and Trade and Investment Queenslan...


Read more Read more
Websolutions by Angular Software and SpiderClass