0
Marfrig Alimentos S.A. announces to shareholders and the market that the acquisition of the entire animal protein businesses in Brazil (poultry, pork and processed products) of Cargill Inc., represented by Seara Alimentos Ltda (including the Seara brand in Brazil and abroad, 12 plants in the value-added processed products segment and a port terminal) and its affiliated companies in Europe and Asia was concluded today.The transaction is worth US$ 899.0 million, with US$ 705.2 million paid in cash and the assumption of US$ 193.8 million in debt following the due diligence process. The US$ 705.2 million was paid to Cargill Inc. on January 4, 2010. The businesses of Seara Alimentos in Brazil and the offices located abroad will be managed by the Poultry, Pork and Processed Products Division – Brazil of the Marfrig Group.
The Company also informs its shareholders and the market that the acquisition Seara Alimentos Ltda in Brazil and abroad from Cargill Inc. as described above will be ratified by a shareholders’ meeting to be convened opportunely, in accordance with Article 256 of Law 6,404/76, with the presentation of all required documents.
http://www.marfrig.com.br/ri
