BRF has called an extraordinary general meeting for July 14 to vote on the merger process with Marfrig. The announcement follows the General Superintendence of CADE’s approval of the operation without restrictions in late May.
The merger, which involves the incorporation of BRF by Marfrig, was first announced just over a month ago and aims to consolidate operations under a single structure with Marfrig as the controlling company. If approved by shareholders, BRF will be absorbed and its shareholder base will become part of Marfrig’s capital, with new common shares issued at a ratio of 0.8014 for each BRF share.
The meeting was requested by Marfrig in its capacity as BRF’s controlling shareholder, after exceeding the 50% voting capital threshold. While CADE imposed no restrictions, shareholder approval is still required to finalize the deal.
