Marfrig Global Foods SA ADR (MRRTY) - OTCPK - Current
  • Dec. 9, 2011, 12:04 PM

    BRF Brasil Foods (BRFS +2.7%), Brazil's largest food processor, agrees to swap assets with rival Marfrig (MRRTY.PK +5.2%) as part of an agreement with antitrust regulators to sell some assets in order to go ahead with the full merger of the companies. The company was ordered to get rid of or suspend about 12% of production capacity in order to create a rival that could effectively compete with the company.

    | Dec. 9, 2011, 12:04 PM
Company Description
Marfrig remains highly globalized, with operational presence in 11 countries and stands as one of the most diversified and largest companies in the global protein market. The group's strategy is to continue growing globally in value-added protein products, increasing its focus on the food... More
Industry: Beverages - Soft Drinks
Country: Brazil