Brazil, meat giant in sight: Marfrig and BRF are studying their merger

Marfrig and BRF have opened the negotiating table to evaluate a merger hypothesis. If the negotiations were successful, a meat giant would be set at 76 billion reals a year (around 17,3 billion euros), being the second Brazilian player and ready to challenge the giant JBS. Are non other that the direct stakeholders, reports O Globo, to communicate to the markets the attempt to merge: the two boards of directors have given themselves a total 120 days time to get to a result. In this four months, they undertake not to open new negotiating tables with third parties. The two companies intend to integrate not only on financial but also productive specificities: BRF manages 37 production plants in the world (32 of which in Brazil) and specialises in pork and poultry meat; Marfrig, on the other hand, is structured to kill over 33,000 cattle a day. Recently, Marfrig has acquired control of Quickfood from BRF.

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