STXNEWS LATAM-Brazil's Minerva to repurchase up to 10 pct of outstanding stock

Mon Feb 18, 2013 5:03pm EST

Minerva SA, Brazil's third-largest meatpacker, plans to buy back up to 10 percent of the shares currently in circulation within a year, according to a filing on Monday.

The company will buy back as many as 9.54 million common shares, the filing said. Minerva shares fell 0.45 percent on Monday to 13.33 reais, and are up 18.5 percent this year.