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Reuters
a day ago
- Business
- Reuters
Minerva to sell Uruguayan plant for $48 million to ease antitrust worries in broad deal
SAO PAULO, June 13 (Reuters) - Brazilian meatpacker Minerva ( opens new tab 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 ( opens new tab - the Colonia unit - immediately following the deal, after the regulator blocked Minerva's acquisition of the three assets last year.
Reuters
11-02-2025
- Business
- Reuters
Minerva pitches slaughterhouse sale to ease Uruguay antitrust concerns
SAO PAULO, Feb 11 (Reuters) - Brazilian meatpacker Minerva on Tuesday proposed selling one of its potential future cattle slaughterhouses in Uruguay as it looks to ease antitrust concerns over its stymied attempt to buy three local slaughterhouses from rival Marfrig. Minerva ( opens new tab said it has sent a new request for approval to Uruguay's watchdog Coprodec, now proposing to sell one of the three plants it wishes to buy from Marfrig - its Colonia unit - immediately after the deal. The adjusted proposal seeks to reduce Coprodec's worries about how the deal would impact competition after the antitrust body blocked the transaction last year, a decision later upheld by the South American nation's government. The proposed purchase of the Uruguayan slaughterhouses are part of a broader deal announced in 2023, through which Minerva would buy a total of 16 slaughtering plants from Marfrig ( opens new tab in South America for 7.5 billion reais. Minerva already concluded the acquisition of the other 13 plants of the deal, located outside Uruguay.
