Radar > 218941

Minerva could sell its subsidiary Minerva Dawn Farms

Minerva pode vender sua subsidiária Minerva Dawn Farms

Intel ID : 218941
Synopsis

Minerva's CFO, Edison Ticle, said the sale of its subsidiary Minerva Dawn Farms (MDF) is among company's options to fulfill the agreement with the competition authority Conselho Administrativo de Defesa Econômica (CADE) to acquire cattle assets held by BRF.

The agreement with CADE states that BRF has to sell its stake, both direct and indirect, in MDF. To carry this out there are two extreme options; one is the sale of MDF and the other is a corporate agreement through which BRF exits MDF's share capital.
(content in portuguese)

O diretor financeiro da Minerva, Edison Ticle, afirmou que a venda da subsidiária Minerva Dawn Farms (MDF) está entre as opções que a companhia possui para cumprir o acordo estabelecido com o Conselho Administrativo de Defesa Econômica (CADE) para a compra dos ativos de bovinos da BRF.

O acordo com o CADE prevê que a BRF tem que deixar de ter participação acionária, direta ou indiretamente, na MDF. Para isso temos duas opções extremas: uma é a venda de 100% da companhia e a outra é um acordo societário, tirando a BRF da MDF.

Seller


Intel ID 218941
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Minerva Dawn Farms
(31 Dec 2024)
Revenue: -
EBITDA: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Primary Sector (TTRSC)
15.07.99 Other Food
15 Consumer Products & Services / 15.07 Food

Secondary Sectors (TTRSC)
35.10.11 Supply Chain Logistics
35 Industrials / 35.10 Transportation & Logistics

Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Services and Distribution / Distribution and Retail
Natural Resources / Agriculture, Agribusiness, Farming and Fishing
Primary Sector (TTRSC)
15.07.08 Meat Products
15 Consumer Products & Services / 15.07 Food

Secondary Sectors (TTRSC)
55.01.07 Livestock Production
55 Raw Materials & Natural Resources / 55.01 Agriculture, Fishing & Hunting

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
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Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.