Marfrig admits interest in share sale

Marfrig admits interest in share sale

Equity Capital Markets Brazil

Brazil's Marfrig has admitted that it is studying a follow-on offering after local press reports said the meat company had hired banks to arrange the sale of BRL2 billion ($469 million) in shares. "The company clarifies that it is evaluating a potential follow-on offering and started discussions with a few advisors, including investment banks," Marfrig said in a statement in response to questions from the B3 stock exchange. "At this moment, however, there is no definition or corporate approval f

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