BRF and Marfrig complete asset swap
Brasil Foods (BRF) and Marfrig have announced, in a material fact, the conclusion of their asset swap originally announced in late 2011.
According to a statement, on Monday (June 11), the acquisition by Marfrig of all the shares issued by Athena Alimentos has been concluded. This company absorbed BRF’s assets offered for sale as a requirement demanded by Brazil’s antitrust body, CADE, as a condition for approving the merger between Sadia and Perdigão, which formed BRF.
The transfer to BRF was also agreed of the entire stake held by Marfrig in Quickfood, a company based in Argentina. The two companies also signed an "instrument of settlement," which governs the payment by Marfrig of R$ 350 million to BRF.
Information provided by Valor Economico