Marfrig expects Keystone sale in coming weeks

Marfrig expects Keystone sale in coming weeks

SAO PAULO (Reuters) - The sale of Marfrig's North American Keystone unit is expected to be announced "at the latest" in the coming weeks, said the chief financial officer of the Brazilian company ...

SAO PAULO (Reuters) - The sale of Marfrig's North American Keystone unit is expected to be announced "at the latest" in the coming weeks, Brazilian CFO Eduardo Miron said on Wednesday.The board of the world's second largest beef processor is on Wednesday in the United States discussing negotiations for the sale of the unit that supplies food to chains of restaurants and restaurants."We are doing our (second quarter) earnings conference call here in the US and not in Brazil because of the negotiation process. It is moving forward, it could happen anytime, in the next few weeks at most," Miron said in a telephone interview. .Marfrig Chairman Marcos Molina, who also accompanies Marfrig's directors in the US, said during a conference call with analysts that the company's top priority is the sale of Keystone, which Marfrig bought eight years ago for 1.26 billion. of dollars."Our number one priority is to complete the sale of Keystone. The second is to pay off our debt and have ...


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