With the completion of approval by CADE, the companies expect to finalize the deal by the end of October

With the completion of approval by CADE, the companies expect to finalize the deal by the end of October.

Marfrig (MRFG3) and Minerva (BEEF3) announced that the decision by the Administrative Council for Economic Defense (CADE) has become final, with no appeals filed by the deadline. In other words, the decision is now definitive and cannot be appealed.

With the confirmation of the decision, Marfrig stated that the transaction is expected to close by the end of October 2024.

Approval by CADE

On September 25, the tribunal of the Administrative Council for Economic Defense (CADE) approved Minerva’s (BEEF3) acquisition of Marfrig’s (MRFG3) industrial and commercial establishments in Brazil, according to statements released by the companies.

Translated from: InfoMoney.