Marfrig Alimentos has announced that it hopes to raise as much as BRL1.36bn (US$793m) through a new share issue.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In a regulatory filing, the Brazilian meat packer said that it would issue as many as 71.7m new shares for BRL19 each.
The equity issue was originally scheduled to take place two weeks ago. However, the company postponed the sale after Brazilian stocks tumbled when the government put a 2% tax on foreign investments.
Marfrig is offering the new shares at a 3.1% discount on the group’s closing value of BRL19.60 yesterday (11 November). Marfrig shares have shed 9.26% of their value over the past week.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
