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Merger talk between Marfrig and BRE have ended negotiation talks due to disagreements over the governance of the company that would have arisen from the merger, reports ILM.
Both Brazilian meatpackers disclosed on May 30 they began discussions for a possible merger between both companies.
Packer and tanning group Marfrig has begun full production at a new plant at Várzea Grande in the state of Mato Grosso. The new factory has the capacity to process two thousand head of cattle per day.
Packer and tanning group JBS, the largest leather manufacturer in the world, has announced full-year revenues of US $49.7 billion for 2018, an increase of 11.3% compared to the amount for 2017.
Packer and tanning group Marfrig has announced revenues of US $11 billion for all areas of its business in 2018. It said on reporting the results that its pre-tax earnings for the year reached more than US $900 million, the highest figure in the company’s history.
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