Marfrig increases stake in US beef company

Marfrig increases stake in US beef company

M&A Equity Brazil US

Brazil's Marfrig said it has agreed to buy another 31.2% in the US beef company National Beef from Jefferies for $860 million. Jefferies, a financial services group from New York, will exit its investment in National Beef when the deal closes. Marfrig's US subsidiary, NBM, will increase its stake to 81.7%, the Brazilian meat company said in a statement. US Premium Beef will hold on to 15.1% of National Beef, while Beef Products will have 2.44% and Tim Klein will have 0.76%, according Marfrig. Th

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