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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports

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Marfrig Alimentos SA Updates on Sale of Seara Brasil Unit, Zenda Unit and 64.57% Stake in Excelsior Alimentos SA to JBS SA

Thursday, 12 Sep 2013 11:35am EDT 

Marfrig Alimentos SA (Marfrig) announced that on September 12, 2013 it received information that the Adminstrative Council for Economic Defense (CADE) approved a contract dated June 7, 2013 concerning sale to JBS SA by Marfrig of a certain holding in the companies of Marfrig's group that hold Seara Brasil business unit (Seara Brasil) and a 100% stake in the company that holds leather business in the Marfrig's group in Uruguay (Zenda). It also approved transfer of a 64.57% stake in the share capital held in Excelsior Alimentos SA by Marfrig to JBS. 

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