Shareholders in Marfrig and BRF approved on Tuesday the proposed merger between the two Brazilian food processors, the firms said in a joint securities filing.
The approval placed the deal one step closer to completion, although it still lacks necessary regulatory approvals.
The firms announced in May a plan for Marfrig – already the holder of a controlling stake in BRF – to purchase the remaining shares of BRF in a share-swap deal, forming a global food company called MBRF.
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