Brazil food companies Marfrig and BRF to merge, says source

Ana Mano

Thu, May 15, 2025, 3:21 PM 1 min read

By Ana Mano

SAO PAULO (Reuters) -Brazilian nutrient companies Marfrig and BRF are expected to denote a merger involving a stock swap this evening, a root briefed connected the substance told Reuters connected information of anonymity due to the fact that the woody has not been made nationalist yet.

The companies are eyeing yearly synergies implicit 800 cardinal reais ($140.80 million) from their tie-up, the idiosyncratic said, adding that the sanction of the caller institution created by Marfrig and BRF volition beryllium MBRF.

BRF processes chickenhearted and pork products, portion Marfrig focuses connected beef and has a ample cognition successful the United States, wherever it controls National Beef. Marfrig already owns 50.49% of BRF.

Marfrig and BRF declined to comment. Marfrig archetypal bought a involvement successful BRF successful May 2021, erstwhile it said it would beryllium a passive investor.

Shares of some companies roseate successful Sao Paulo trading connected Thursday, outperforming assemblage peers including Minerva and JBS .

BRF's shares closed 4.78% higher astatine 20.62 reais, but astatine 1 constituent successful the league roseate implicit 7%. Marfrig was up by 4.34% to 20.66 reais.

Earlier successful the evening, Bloomberg News reported that Marfrig would marque an connection for the shares it did not already ain successful BRF, citing sources.

($1 = 5.6817 reais)

(Reporting by Ana Mano; editing by Gabriel Araujo)