Latache Capital, which has minority participation in BRF, presented representation; action is subject to the approval of shareholders
The CVM (Securities Commission) suspended the assembly that would vote for the merger between food processors Marfrig and BRF, owner of Sadia and Perdigão, after a representation of Latache Capital, a minority shareholder of BRF.
The companies had previously informed that the merger would be subject to the approval of shareholders of both companies. The information was released by the newspaper The globe on Monday (16.jun.2025).
Marfrig and BRF on May 15th. Commercial and logistics synergies total R $ 805 million, according to the relevant fact released by the companies. Read A (PDF – 137 KB).
The operation does not involve money. BRF shareholders (except Marfrig itself) will receive 0.8521 Marfrig action for every 1 BRF action.
BRF will distribute R $ 3.5 billion in dividends, while Marfrig will pay R $ 2.5 billion.
The new operation, called MBRF Global Foods Company, will form a group with relevant presence in different segments of the protein market, including birds and cattle, acting on both the Brazilian and international market.
The resulting corporate structure will follow the model similar to that used by JBS, which maintains several animal protein operations under the same holding.
This movement represents the conclusion of a strategy started 4 years ago, when Marcos Molina began to expand his participation in BRF with purchases of stocks at prices that the market considered low. Marfrig already has 50.49% participation in the Sadia owner.
The strategy had positive results. BRF has benefited from the recovery of the chicken sector, which improved its financial results and increased the expectation of payment of dividends.
