Marfrig Readies Private Share Feast

Brazilian meat processor Marfrig plans to raise BRL1.375bn from a private share sale, to fund its acquisition of Grupo OSI’s operations in Brazil and Europe. Existing Marfrig shareholders will have first rights to buy 64m new voting shares for BRL21.50 each, during a period to be defined this week. Marfrig agreed in June to purchase the OSI assets for $400m cash and $280m in shares. There is no bank involved, according to a Marfrig investor relations official.