April 9, 2018 / 1:29 PM / 17 days ago

Brazil's Marfrig to pay for loan to buy National Beef with proceeds from Keystone sale

SAO PAULO, April 9 (Reuters) - Brazil-based Marfrig Global Foods SA, which announced plans to buy control of U.S. beef company National Beef on Monday, said it will repay a loan to buy the company with proceeds from the sale of Keystone Foods LLC.

The intention to sell U.S.-based Keystone was unveiled together with Marfrig’s announcement that it will buy control National Beef for $969 million. (Reporting by Ana Mano)

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