Brazil's Marfrig close to 30% stake in BRF, Brazil Journal reports
Brazilian beefpacker Marfrig Global Foods is increasing is stake in poultry and pork processor BRF SA and is close to reaching 30%, financial blog Brazil Journal reported on Wednesday, citing sources with knowledge of the matter.
Ana Mano and Tatiana Bautzer, Reuters
via Nasdaq - Jun 2, 2021
SAO PAULO, June 2 (Reuters) - Brazilian beefpacker Marfrig Global Foods MRFG3.SA is increasing is stake in poultry and pork processor BRF SA BRFS3.SA and is close to reaching 30%, financial blog Brazil Journal reported on Wednesday, citing sources with knowledge of the matter.
Marfrig shares were up...
Brazil regulator accuses Marfrig CEO of insider trading
Reporting by Gabriel Stargardter; Editing by Leslie Adler, Reuters
May 25, 2021
RIO DE JANEIRO, May 25 (Reuters) - Brazilian securities regulator CVM has accused Marcos Molina, the chief executive of Brazilian meatpacker Marfrig Global Foods SA, of the “misuse of privileged information” involving Marfrig shares before a filing in April 2018, according to a document on CVM’s website.
Molina is in talks with the regulator on a potential settlement, according to the document on the CVM website.
The regulator directed Reuters to the page on its website in response to questions about a report in newspaper Valor on Wednesday that the CVM has accused Molina of insider trading over Marfrig’s 2018 acquisition of a majority stake in National Beef announced on April 9, 2018...