03 Jun 2019 --- Brazilian heavyweight meatpackers Marfrig Global Foods and BRF are reportedly discussing a possible tie-up. This would allow the companies to create “a world leader in the protein market with wide geographical and product diversification,” according to separate filings. The potential merger may include the consolidation of assets and shares in a new company, though no structure has yet been defined, the deal notes. Under the new deal, shareholders of BRF would assume 85 percent equity ownership and Marfrig would cover 15 percent. In 2018, the firms’ combined net revenues were estimated at around BRL 76 billion (US$19.4 billion).
