Marfrig's effort to win investors back
Marfrig, one of the world's largest meat companies, is keen to leave behind a critical phase which has scared investors away from the company in recent years.
Extending the debt repayment deadline to Brazil's state-owned development bank, BNDES, and the selling off of Seara and Zenda were the first steps to paying down the huge debt the company had gotten into after its IPO.
Marfrig Global Foods is not considering any acquisitions, and is focusing on beef in Brazil and South America. It wants to seize opportunities for recovery in Europe and the United States, and serve the growing demand for protein in Asia.
Information provided by Exame