News

Marfrig announces profits and stock offer

26/08/2008

Brazil-based Marfrig Group is to increase its capital for the purchase of some OSI units. The company closed the second quarter with a profit of US$41.5 million. Its shares have been quoted at US$12.13, up 0.77%.

It will issue 63.9 million new shares for a total of US$856.25 million. However, director of investor relations, Ricardo Florence, said that this was not a public offer, it is just for shareholders.

To continue reading this story, please sign in or register.