IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By


Minerva stocks falls by over 6% with new share offer

Shares in Minerva Foods fell by 6.78%, to R$ 10.99 yesterday, in reaction to the announcement made late on Friday that the company will issue new shares to cut its debts. The news also contaminated shares in its competitor, Marfrig, which ended trading down by 4.29%, to R$ 11.58. According to market players, the slaughterhouse may also raise capital to pay down its highly leveraged position.

At the end of the third quarter, the ratio of net debt to EBITDA (earnings before interest, taxes, depreciation and amortization) was 3.7 times for Minerva, the same level as Marfrig at the end of June. In a report, analyst Alexandre Miguel, of Itaú BBA, stresses that Minerva's shares will continue to suffer in the short term because of their increased volume and the dilution of minority shareholdings.

Information provided by Valor Econômico


What to read next




Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts