Marfrig Global Foods SA (MRFG3.SA)
R$ 0.22 (+3.24%)
Latest Key Developments (Source: Significant Developments)
Marfrig Global Foods SA
Marfrig Global Foods SA:Marfrig Global Foods SA.Says it has reached agreement with Black Bamboo Enterprises SA (China's Foresun Group) to sell assets in Argentina for $75 million.Says assets include units in Hughes (Santa Fe province), Vivorata (Buenos Aires province), Unquillo (Cordoba province) and Monte Ralo (Cordoba province).Says initial payment of 34 million dollars was made on April 6 and the remaining balance will be paid in up to 12 months.Says the company will keep operating its unit in Villa Mercedes (San Luis province). Full Article
Marfrig Global Foods SA:Announces that for the full year of 2016 it expects net revenue in a target range of 22 billion to 24 billion Brazilian reais, in line with analysts' estimates.FY 2016 revenue of 23.05 billion Brazilian reais - Thomson Reuters I/B/E/S. Full Article
SAO PAULO, June 23 Marfrig Global Foods SA said sales to the U.S. account for 2 percent of beef export proceeds and less than 1 percent of revenue at Brazil's No. 2 meatpacker.