Minerva to sell Uruguayan plant for $48 million to ease antitrust worries in broad deal

Brazilian meatpacker Minerva said on Friday it signed a contract to sell the Colonia plant in Uruguay to Allana for $48 million, as part of its efforts to get antitrust approval for the purchase of other two plants in the country.

Minerva has proposed to Uruguay’s watchdog Coprodec to sell one of the three plants it wishes to buy from Marfrig – the Colonia unit – immediately following the deal, after the regulator blocked Minerva’s acquisition of the three assets last year.