SALIC says stake in BRF, Minerva will not affect deal evaluate
8 August 2025
2 minute learn
SALIC Worldwide Funding Firm, a wholly-owned subsidiary of Saudi Agricultural and Livestock Funding Firm, instructed Brazilian competitors authorities on Wednesday it’s a passive minority shareholder in rival meals producers BRF and Minerva, reported Reuters.
SIIC, which owns 11.03% of BRF and 24.49% of Minerva, stated “it doesn’t maintain any political rights that will permit it to intrude with or affect the independence and regular course of enterprise and administration of BRF and Minerva.”
The Saudi investor’s clarification comes after a proper data request made by Brazil’s antitrust watchdog CADE relating to the proposed takeover of BRF by Marfrig.
The deal was authorized by the minority shareholders of each firms on Tuesday. The Saudi investor abstained from voting and didn’t take part within the merger discussions of BRF and Marfrig, in accordance with CADE’s disclosures.
Individually, CADE cleared the proposed transaction in early June. However CADE’s nod was later challenged by Minerva, which requested it to scrutinize the deal extra carefully.
Minerva claimed the merger would contain the switch of BRF’s present shareholders, together with SALIC, to Marfrig’s shareholding construction by means of a share swap. Minerva stated if the transaction went forward, the Saudi investor would acquire affect over the enterprise choices of three rivals: Minerva, Marfrig, and BRF.
BRF and Marfrig didn’t remark.
CADE responded to Minerva by agreeing with a extra extended merger evaluate, in accordance with a public determination on Monday.
“The alleged info, if confirmed, could point out a potential alignment of pursuits and change of delicate data between … rivals,” CADE’s president wrote. That call should be confirmed by a digital CADE panel on August 11.
By regulation, CADE has a 240-day deadline to analyze advanced mergers, extendable by 90 days.
If authorized, Marfrig and BRF will create one other world Brazilian meals processor, with factories throughout the Americas, the Center East and Asia.
