April 9, 2018 / 12:28 PM / 12 days ago

Brazil's Marfrig acquires control of National Beef in $969 million deal

SAO PAULO (Reuters) - Brazil’s Marfrig Global Foods SA (MRFG3.SA) has acquired a controlling stake in U.S. beef processor National Beef Packing Company LLC for $969 million, the company said in a statement on Monday.

Marfrig has purchased 51 percent of National Beef Packing Company shares, in a transaction valuing the target at $2.3 billion including debt, Marfrig said.

    Reporting by Gram Slattery; Editing by Chizu Nomiyama

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