Brazil Foods Asset Swap Seen as Positive for Marfrig

Brazil Foods Asset Swap Seen as Positive for Marfrig

Brazil M&A

Brazilian food companies Brazil Foods (BRF) and Marfrig have agreed to an asset swap that would satisfy BRF’s regulator-mandated asset divestments and add Argentine assets to its portfolio, a trade that offers an Ebitda boost to Marfrig. As part of the deal, Marfrig would pay BRL200m ($110m) to BRF and hand over the assets and brands for Argentina’s Paty hamburger, the Barny and Estancia del Sur brands, as well as a number of barns and farmland in Mato Grosso. Marfrig in turn would get

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