Bulletin: Marfrig Frigorificos e Comercio de Alimentos S.A. Rating Unaffected By Proposed Acquisition - S&P Global Ratings’ Credit Research

Bulletin: Marfrig Frigorificos e Comercio de Alimentos S.A. Rating Unaffected By Proposed Acquisition

Bulletin: Marfrig Frigorificos e Comercio de Alimentos S.A. Rating Unaffected By Proposed Acquisition - S&P Global Ratings’ Credit Research
Bulletin: Marfrig Frigorificos e Comercio de Alimentos S.A. Rating Unaffected By Proposed Acquisition
Published Sep 19, 2007
Published Sep 19, 2007
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Abstract:

SAO PAULO (Standard&Poor's) Sept. 19, 2007--Standard&Poor's Ratings Services said today that its 'B+/Stable/--' rating on Marfrig Frigoríficos e Comércio de Alimentos S.A. (Marfrig) is not immediately affected by Marfrig's initial agreement (subject to negotiating customary terms and conditions) to acquire 70.51% of Argentine meat processor Quickfood S.A. and 100% of Establecimientos Colonia S.A., a Uruguayan meat processor controlled by the same selling group. The company has established, through its Argentine subsidiary Argentina Breeders&Packers S.A., protocols of agreement for due diligence and potential acquisition of Best Beef S.A., Estancias del Sur S.A., and REXCEL S.A. We expect completion of due diligence by Oct. 31, 2007. The acquisition amount could be close to $300 million. We

  
Report Type:

Bulletin

Ticker
MRFG3@BZ
Issuer
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers
Country
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Marfrig Frigorificos e Comercio de Alimentos S.A. Rating Unaffected By Proposed Acquisition" Sep 19, 2007. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Marfrig-Frigorificos-e-Comercio-de-Alimentos-S-A-Rating-Unaffected-By-Proposed-Acquisition-603167>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Marfrig Frigorificos e Comercio de Alimentos S.A. Rating Unaffected By Proposed Acquisition Sep 19, 2007. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Marfrig-Frigorificos-e-Comercio-de-Alimentos-S-A-Rating-Unaffected-By-Proposed-Acquisition-603167>
  
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