Minerva Appoints CS as Equity Market Maker

Minerva, the Brazilian beef producer, has hired Credit Suisse Corretora to act as market maker for its common shares listed on the Bovespa’s Novo Mercado. The initiative is aimed at reducing volatility and guaranteeing liquidity, as well as protection against speculative shifts that may hurt minority shareholders. Minerva holds 75m common shares, of which 24m are traded on the Novo Mercado. The contract has a 6 -month term, automatically renewable for equal periods.