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Minerva SA (BEEF3.SA)

BEEF3.SA on Sao Paolo Stock Exchange

26 May 2017
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R$ -0.05 (-0.46%)
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Latest Key Developments (Source: Significant Developments)

Minerva announces share repurchase plan
Thursday, 12 May 2016 06:51am EDT 

Minerva SA : Announced on Wednesday that its board approved to start share repurchase plan . Says to buy back up to 10.0 million common shares (up to 4.16 percent of all issued shares of the company) .Says repurchase period of 18 months, as of May 11.  Full Article

Standard & Poor's Ratings Services upgrades Minerva SA's national credit rating
Thursday, 24 Mar 2016 07:55am EDT 

Minerva SA:Says that Standard & Poor's Ratings Services has raised national credit rating attributed to the company from brA to brA+ and changed outlook to positive from stable.Says global credit rating was maintained at BB-, but the outlook was changed to positive from stable.  Full Article

Minerva SA proposes to ratify share capital increase of 746.5 million Brazilian reais
Thursday, 17 Mar 2016 03:11pm EDT 

Minerva SA:Says its board will propose general meeting to ratify share capital increase, that was partially subscribed for in the total amount of 746.5 million Brazilian reais, corresponding to 47.9 million new common shares.Says once ratified, the company's share capital will raise to 1.7 billion reais, being divided into 239.8 million common shares.  Full Article

Minerva SA - Thousands of cattle presumed dead in Brazil boat accident - RTRS
Monday, 5 Oct 2015 08:00pm EDT 

Minerva SA:Thousands of cattle owned by beef producer Minerva SA are thought to have died when a boat leaving a port in northern Brazil overturned, the company and Williams Shipping Agents said on Tuesday - Reuters.Minerva said in a securities filing that a ship transporting its cattle had tipped over after departing from the Vila do Conde port in Barcarena. There were no human victims, it said - Reuters.Local news site G1 showed images of some cattle escaping from the side of the ship and swimming at the water's surface while most remained trapped - Reuters.Williams Shipping Agents said the ship was carrying 5,000 cows, though a Minerva representative could not confirm the number - Reuters.Minerva said in the filing that once the cattle left the dock they became the responsibility of the shipping firm, which it did not name - Reuters.  Full Article

Funds managed by Sulamerica Investimentos Gestora de Recursos SA stake in Minerva SA falls below 5 pct
Tuesday, 22 Sep 2015 08:39am EDT 

Minerva SA:Says that funds' managed by Sulamerica Investimentos Gestora de Recursos SA stake in Minerva SA has fallen below 5 percent.  Full Article

Minerva SA completes acquisition of Frigorifico Red Carnica
Wednesday, 26 Aug 2015 07:37am EDT 

Minerva SA:Says that on Aug. 25, it has completed the acquisition of 100 percent of the shares of the meatpacking company Red Carnica S.A.S. and 100 percent of the shares of Red Industrial Colombiana S.A.S. (jointly "Frigorifico Red Carnica"), located in the region of Cordoba, Colombia.  Full Article

Minerva SA suspends operations in Batayporã and Mirassol D´Oeste and reaffirms outlook previously disclosed
Friday, 10 Jul 2015 07:48am EDT 

Minerva SA:Says that it has concluded the integration of the Mato Grosso Bovinos' beef plants and its unit in Janauba and it undertook an operational reorganization of its Brazilian units, paralyzing the operations in Batayporã and Mirassol D´Oeste both in Mato Grosso.The company also maintains its 2015 net revenue guidance of between 9.5 billion Brazilian reais and 10.5 billion reais.  Full Article

Minerva SA approves debenture conversion and capital increase
Tuesday, 16 Jun 2015 09:29am EDT 

Minerva SA:Announces a share capital increase amounting to 93.49 million Brazilian reais, as a result of the mandatory conversion of 93,492 outstanding debentures, to the conversion price of 7.606 reais per share, on 12,291,293 common shares issued by the company.  Full Article

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