Marfrig Global Foods (MRFG3) has notified BRF (BRFS3), which directly and indirectly detained 58.87% of the company’s capital, according to a statement issued last Saturday (12). The update of the share was informed the day before, after the closing of the market, and occurs in the midst of the.
The new stock position considers both ordinary actions and derivative financial instruments with and without financial liquidation. Of the total, 5.11% are composed of derivatives with exclusively financial settlement, while 990.5 million common shares – including derivatives with physical settlement – represent the 58.87% of the capital.
The signatories of the notification – Marfrig, MMS Participações and MAMS stock investment fund – stressed that negotiation is not intended to change the composition of the control or administrative structure of BRF, which is already controlled by Marfrig. Still, they reiterated that the operation is inserted in the context of the proposal to incorporate BRF actions by Marfrig, as announced in May.
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Communication to the market occurred one day after the Securities Commission (CVM) postponed, for the second time, the Extraordinary General Assembly (AGE) of BRF, called to deliberate on the merger. The CVM decision complied with requests from minority shareholders, who alleged irregularities in the process. The meeting was scheduled for next Monday (14), but, with the determination of the board, a new date should be scheduled only 21 days after the provision of new information required by the municipality.
The consummation of the operation, if approved by the assemblies of the two companies and the provisions of the planned conditions, will result in the conversion of BRF into an integral subsidiary of Marfrig.
The signatories also stated that they do not have other securities of BRF beyond those already informed and do not participate in voting agreements or contracts involving the purchase and sale of shares of the company.
