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Marfrig Global Foods SA (MRFG3.SA)

MRFG3.SA on Sao Paulo Stock Exchange

13.28BRL
10 Jul 2020
Change (% chg)

R$ 0.20 (+1.53%)
Prev Close
R$ 13.08
Open
R$ 13.02
Day's High
R$ 13.62
Day's Low
R$ 12.93
Volume
10,391,100
Avg. Vol
14,567,528
52-wk High
R$ 14.93
52-wk Low
R$ 5.50

Latest Key Developments (Source: Significant Developments)

Archer Daniels Midland And Marfrig Enter Agreement To Create Plantplus Foods
Wednesday, 27 May 2020 

May 27 (Reuters) - Archer Daniels Midland Co ::ARCHER DANIELS MIDLAND CO - CO, MARFRIG ANNOUNCED AN AGREEMENT TO CREATE PLANTPLUS FOODS.ARCHER DANIELS MIDLAND CO - PLANTPLUS FOODS IS A JV FOR SALE OF PLANT-BASED FOOD PRODUCTS ACROSS SOUTH AMERICAN AND NORTH AMERICAN MARKETS.ARCHER DANIELS MIDLAND CO - MARFRIG WILL INITIALLY OWN 70 PERCENT OF PLANTPLUS FOODS, WITH ADM OWNING 30 PERCENT.ARCHER DANIELS MIDLAND - MARFRIG WILL BE RESPONSIBLE FOR PRODUCTION AND DISTRIBUTION, UTILIZING ITS FACILITIES IN SOUTH AMERICA.ARCHER DANIELS MIDLAND CO - MARFRIG, ADM PLAN TO LAUNCH NEW COMPANY AND START OPERATIONS AS SOON AS REQUIRED REGULATORY APPROVALS HAVE BEEN RECEIVED.  Full Article

Jefferies Agrees To Sell Remaining 31% Interest In National Beef To Marfrig
Monday, 18 Nov 2019 

Nov 17 (Reuters) - Jefferies Financial Group Inc ::PRESS RELEASE - JEFFERIES AGREES TO SELL REMAINING 31% INTEREST IN NATIONAL BEEF TO MARFRIG;.PROCEEDS OF $970 MILLION EXPECTED TO BE REALIZED ON OR ABOUT NOVEMBER 30, 2019.TRANSACTION WILL RESULT IN A PRE-TAX GAIN OF APPROXIMATELY $210 MILLION BEING RECOGNIZED BY JEFFERIES.JEFFERIES LLC ACTED AS FINANCIAL ADVISOR TO JEFFERIES FINANCIAL GROUP.JEFFERIES FINANCIAL GROUP- DEAL CLOSING IS EXPECTED ON OR ABOUT NOVEMBER 30.  Full Article

Brazil's Marfrig Reports Q3 EBITDA Of 1.5 Billion Reais (Refinitiv Poll 1.352 Billion Reais)
Tuesday, 12 Nov 2019 

Nov 11 (Reuters) - Marfrig Global Foods SA ::REPORTS Q3 NET INCOME OF 100.4 MILLION REAIS (REFINITIV POLL 211.5 MILLION REAIS).REPORTS Q3 EBITDA OF 1.5 BILLION REAIS (REFINITIV POLL 1.352 BILLION REAIS).  Full Article

National Beef Shareholders Marfrig, Jefferies and Others Acquire Iowa Premium - Filing
Tuesday, 12 Mar 2019 

March 11 (Reuters) - Marfrig Global Foods SA ::NATIONAL BEEF SHAREHOLDERSMARFRIG, JEFFERIES AND OTHERS ACQUIRE IOWA PREMIUM - FILING.IOWA PREMIUM, TO BE CONTROLLED BY NATIONAL BEEF, ACQUIRED FOR $150 MILLION FROM SYSCO- FILING.IOWA PREMIUM HAS $650 MILLION IN ANNUAL REVENUE; MARFRIG TO PAY $76.5 MILLION OF $150 MILLION ACQUISITION- FILING.  Full Article

Brazil's BRF has already agreed on the sale of 800 mln reais in assets - VP of operations
Friday, 7 Dec 2018 

Dec 7 (Reuters) - BRF SA ::BRAZIL'S BRF DENIES PLANS TO SELL MORE ASSETS IN BRAZIL AFTER DEAL WITH MARFRIG - VP OF OPERATIONS.BRAZIL'S BRF HAS ALREADY AGREED ON SALE OF 800 MILLION REAIS IN ASSETS - VP OF OPERATIONS.BRAZIL'S BRF REITERATES GOAL OF SELLING 5 BILLION REAIS IN ASSETS BY YEAR-END - VP OF OPERATIONS.BRAZIL'S BRF TO BOOK A LOSS WITH SALE OF QUICKFOOD IN Q4 - VP OF OPERATIONS.  Full Article

Brazil's Marfrig, prosecutors agree to more protection for workers amid pandemic

SAO PAULO Meatpacker Marfrig Global Foods has signed a settlement with labor prosecutors in Brazil to improve protections for workers amid outbreaks of COVID-19 cases in food plants, labor prosecutors said in a statement on Monday.