‘MBRF’: with merger, would like to list in BRF and Marfrig USA
BRF E. Marfrig This Thursday, 15, announced The merger of your businesses In addition to other goals, in the movement that is aimed at searching the list on the New York Stock Exchange (NYSE). The initiative reflects the strategy of the competitor JBSIt was already identified as 23 the next day Assembly of shareholders To accept your own list in the United States.
Called the new company, called MBRF Global FoodsMarfrig Bovin combines protein operation, poultry and pigs BRF And American National beef.
Together, they added a consolidated net income of R $ 152 billion in the last 12 months.
According to the BRF CEO Miguel Gularte, the movement also tries to capture the value in the US market. “Protein companies listed in the United States, with a home in the United States, are in talks with more than Brazilian women,” he said. “This is a concrete opportunity in our radar,” said a press conference to journalists on Thursday night.
Marfrig’s proposal provides the inclusion of BRF by the exchange ratio of Marfrig’s 0.8521 action for each BRF action.
This operation includes the distribution of exceptional income: R R $ 3.5 billion by BRF and R $ 2.5 billion by Marfrig. With the transaction, the MBRF has a simplified structure and is working with a consolidated regime.
Associated with exchange
BRF CFO said the exchange relationship between the papers would receive the relevant award for shareholders of both companies.
Independent committees advised by international banks define values.
“The logic that counts the transplant relationship is a gift for BRF action between 15% and 20% and is close to 38% in the case of Marfrig”.
The sealed movement was built from 2021 today, and the Marfrig market began to buy BRF shares aggressively. At that time, the company reached 25% in a few days without indicating a clear control purpose.
The acquisition took place, reaching 50.5% of the capital in December 2023, already “Poison PillSalik, Saudi Arabia’s sovereign Nidhi is trush and supported, with 16% of the company today.
Since Salik is an investor of other companies in this fund protein industry, the company said that there is no need to accept Cade for operation.
Synerges
The merger is justified by the probability of operational synergis. Million is expected to save 800 million per year, which is already an impact in the first financial year. Maped front includes logistics optimizations, integration of profits in the supply chain and corporate structure. “This R is only captured in the merger of $ 805 million mapped synergis,” Gulaarte said.
In addition, the company estimates that from the rapid money of tax credits, there is an additional financial gain of up to $ 3 billion in the current value.
