Brazil's competition regulator, CADE, has approved Minerva’s acquisition of meat processing assets from Marfrig, valued at 7.5 billion reais ($1.3 billion). The deal requires Minerva to sell a plant in Pirenópolis, Goiás, to address competition concerns.

The transaction includes 11 of Marfrig's cattle slaughter and deboning units in Brazil, as well as facilities in Argentina and Chile. Plans to include Uruguayan assets were blocked earlier by the country’s anti-trust authority.

Both companies expect the deal to close by the end of next month. CADE stated that the conditions are necessary to maintain competitive balance in the cattle slaughter and deboning markets.

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