Brazil's Marfrig raises stake in National Beef to 81.7%

SAO PAULO, Nov 18 (Reuters) - Brazilian protein producer Marfrig Global Foods SA MRFG3.SA has raised its stake in U.S. meatpacker National Beef Packing Company to 81.7% from 51%, according to Sunday evening filings.

Marfrig acquired the stake from Jefferies Financial Group Inc JEF.N for $860 million. Including dividends relative to this year, Jefferies will receive a total of $970 million.

The transaction is expected to conclude this year. After the acquisition, other shareholders in National Beef will be USPB, with 15%, BPI, 2,4% and Tim Klein, 0.8%.

(Reporting by Tatiana Bautzer and Roberto Samora, editing by Louise Heavens)

((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob: +55-119-4210-4173; Reuters Messaging: tatiana.bautzer.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.