Marfrig stock drops after follow-on

Marfrig stock drops after follow-on

Equity Capital Markets Brazil

Shares in the Brazilian meat company Marfrig dropped 4.21% on Wednesday after the company said it had priced a follow-on offering on the local stock exchange. The meat company's shares ended the day at BRL10.25 ($ 2.52) after closing the previous day at BRL10.70. In the offering, Marfrig priced 300 million shares at BRL10 per share, it said in a securities filing. The company itself pocketed BRL901 million from the sale of 90.1 million shares and increased capital to BRL8.33 billion. BNDESPar, t

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial