SAO PAULO – Brazilian protein producer Marfrig Global Foods SA has raised its stake in U.S. meatpacker National Beef Packing Company to 81.7% from 51%, according to Sunday evening filings.
Marfrig acquired the stake from Jefferies Financial Group Inc for $860 million. Including dividends relative to this year, Jefferies will receive a total of $970 million.
To read the rest of the story, please go to: Reuters
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