Brazil’s Marfrig sells Keystone for $2.4 billion

Industry:    2018-08-21

Brazilian meatpacker Marfrig Global Foods (MRFG3.SA) said on Monday it had closed a deal to sell its indirect subsidiary Keystone Foods Holdings Limited to U.S. firm Tyson Foods Inc. (TSN.N).

The enterprise value of the transaction was about $2.4 billion, Marfrig said in a statement, adding that the proceeds would be used to reduce debt and boost Marfrig’s capital.

print
Source: