Marfrig moves to cap takeover of BRF Marfrig already owned just over 50% of BRF16 May 2025 16 May 2025 2 minute read 2 minute read By: By: Global Ag Media South AmericaBrazilian beef processor Marfrig announced on Thursday a plan to complete its takeover of poultry and pork processor BRF, while teasing plans to eventually list shares of the combined entity in the United States, reported Reuters. The move caps a long-running strategy by Marfrig, which already owns just over 50% of BRF, gaining scale to compete with Brazilian meatpacking giant JBS, which is nearing a move to list its shares in New York. In public disclosures, Marfrig and BRF said the proposed deal would involve a share swap whereby BRF shareholders would receive 0.8521 shares of Marfrig for each BRF share they own. In a joint statement, the companies said they expected 805 million reais ($142 million) of annual synergies from the tie-up, with 400 million to 500 million reais captured in the first year. CFO Fabio Mariano saidMBRF could move its fiscal domicile and list shares in New York at some point.