Uruguay plant sale faces dispute - leatherbiz: Leading news site for t Leatherbiz

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Uruguay plant sale faces dispute

02/09/2025
Brazilian meatpackers Minerva and Marfrig have issued conflicting statements regarding the termination of a contract for the sale of three beef plants in Uruguay, Reuters has reported.

Marfrig said in a September 1 securities filing that it had decided to terminate the agreement, signed in August 2023, because contractual conditions were not met within the agreed period.

In a separate filing, Minerva stated that it considers the contract to remain in force and will continue seeking competition clearance to complete the deal.

Marfrig confirmed that operations at the three plants are continuing as normal.

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