Minerva Presents Updated Proposal for Uruguay Assets
Minerva Foods has submitted a revised proposal to Uruguay’s antitrust authority to acquire local slaughterhouses owned by meat rival Marfrig Global Foods. Uruguay’s competition regulator,...
Tag : Minerva
Beef Industry on High Alert Following China’s Announcement of Import Investigation
China has initiated a probe into beef imports, a strategic move by Beijing aimed at bolstering its domestic meatpacking industry. Following this announcement, shares of...
Marfrig-Minerva Asset Sale Approved, But Factory Must Be Included in the Deal
Brazilian meat giant Marfrig has received full approval from the country’s competition authority for the sale of its processing assets to local competitor, Minerva. However,...
Brazil’s Conditional Approval Given to Minerva’s Asset Deal with Marfrig
Minerva Foods and Marfrig Global Foods have received regulatory approval for an asset deal between the two companies. The deal, valued at 7.5bn reais ($1.3bn),...
Uruguayan regulators block Minerva’s deal with Marfrig assets
Brazilian meat companies Minerva Foods and Marfrig have confirmed that Uruguay’s competition regulator has blocked part of a $1.5bn deal between them. The Competition and...
Minerva and Marfrig Both Deny Receiving Regulator’s Proposed Deal Blockade
Minerva Foods and Marfrig have refuted claims of a deal between the two meat groups being blocked by the Uruguayan competition watchdog. The purchase agreement,...