share_log

Brazil's Marfig to buy Sol Cuisine, Drink Eat Well through plant foods unit

reuters ·  Nov 12, 2021 07:18

RIO DE JANEIRO, Nov 12 (Reuters) - Brazilian meat producer Marfrig Global Foods SA MRFG3.SA said on Friday that PlantPlus Foods, a company in which it has a 70% stake, has bought Sol Cuisine Ltd and Drink Eat Well for a total of $140 million.

Marfrig said it will pay $100 million, and the acquisitions will require regulatory approval.

(Reporting by Gabriel Stargardter, Editing by Timothy Heritage)

((Gabriel.Stargardter@thomsonreuters.com; +55 21998116099; Reuters Messaging: gabriel.stargardter.thomsonreuters.com@reuters.net))

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment