Keystone sale to be announced in coming weeks, says Marfrig

Keystone sale to be announced in coming weeks, says Marfrig

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 beef 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.According to the executive, the company's board is on Wednesday in the United States dealing with negotiations for the sale of the unit that supplies food to cafeteria chains 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. .But he declined to give more details about the groups with whom Marfrig is negotiating the unit.In late July, a knowledgeable source told Reuters Marfrig was negotiating exclu...


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