The merger announced today (March 30, 2019) between BRF and Marfrig will create a company of approximately R$ 28 billion in market value and more than R$ 70 billion in annual revenue.
After the completion of the business, BRF will control approximately 85% of the company, the remaining 15% will be in charge of Marfrig.
The news stirred the Brazilian corporate sector and should be one of the highlights in the Brazilian financial market in the coming days. The combination would bring another giant to the global meat business and would bring scale to the new company.
