Marfrig announces follow-on offering

Marfrig announces follow-on offering

Equity Capital Markets Rule 144a/ RegS Rule 476 Brazil

Brazil's Marfrig has outlined an upcoming share sale that allows the national development bank BNDES to exit its stake in the meat company. BNDESPar, the development bank's investment division, will offload roughly 210 million shares in the deal, while the meat company itself will sell 90.1 million new shares in the offering, according to a securities filing.BNDESPar stands to earn BRL2.3 billion ($556 million) from the sale of its 33.7% stake in the meat company, while Marfrig could raise BRL98

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