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Marfrig Global Foods SA (MRFG3.SA)

MRFG3.SA on Sao Paulo Stock Exchange

23 Feb 2018
Change (% chg)

R$ -0.02 (-0.33%)
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Latest Key Developments (Source: Significant Developments)

Marfrig concludes $750 mln bonds issue overseas
Thursday, 26 May 2016 

Marfrig Global Foods SA : Announced on Wednesday that its subsidiary Marfrig Holdings (Europe) BV had concluded a $750 million bond issuance realized overseas . Said that the issuance had a demand of $2.5 billion, primarily from investors from US, Europe and Asia . Bonds with 8.0 percent coupon and yield of 8.25 percent per year .Maturity on June 8, 2023.  Full Article

Marfrig Global Foods SA sells units in Argentina for $75 million
Wednesday, 6 Apr 2016 

Marfrig Global Foods SA:Marfrig Global Foods SA.Says it has reached agreement with Black Bamboo Enterprises SA (China's Foresun Group) to sell assets in Argentina for $75 million.Says assets include units in Hughes (Santa Fe province), Vivorata (Buenos Aires province), Unquillo (Cordoba province) and Monte Ralo (Cordoba province).Says initial payment of 34 million dollars was made on April 6 and the remaining balance will be paid in up to 12 months.Says the company will keep operating its unit in Villa Mercedes (San Luis province).  Full Article

UPDATE 2-Minerva expects Brazil to resume beef exports to U.S. in Q1

SAO PAULO, Nov 28 Minerva SA, Brazil's fourth-largest listed meat company by sales, expects the country will resume fresh beef exports to the United States in the first quarter of 2018, Chief Executive Fernando Galletti said on Tuesday.