BRF and Marfrig shareholders’ general approve merger

This Tuesday (August 5), with 78.39% of the votes, BRF shareholders approved in an Extraordinary General Meeting (EGM) the merger with Marfrig, giving rise to MBRF, one of the largest global food companies, present in more than 100 countries, with over 130,000 employees and a production capacity of approximately 8 million tons per year, the two companies said in a joint press release.

The approval, anticipated by the votes received through the remote voting ballot released last weekend, was ratified in the meeting and “demonstrates the broad support of shareholders for the transaction,” the statement said.

It adds that a 30-day period for the exercise of the Right of Withdrawal now begins, starting from the publication of the minutes.

The companies concluded by saying they “remain confident in the completion of the transaction, which must also be approved by Brazil’s Administrative Council for Economic Defense (Cade).”