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...

 

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https://www.nasdaq.com/articles/brazils-marfrig-close-to-30-stake-in-brf-brazil-journal-reports-2021-06-02

 

 

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...

 

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https://www.reuters.com/article/marfrig-gl-foods-molina-idUSL2N2NC37J