August 20, 2018 / 10:34 AM / 3 months ago

Brazil's Marfrig sells Keystone for $2.4 bln - statement

SAO PAULO, Aug 20 (Reuters) - Brazilian meatpacker Marfrig Global Foods said on Monday it had closed a deal to sell its indirect subsidiary Keystone Foods Holdings Limited to U.S. firm Tyson Foods Inc..

The enterprise value of the transaction was about $2.4 billion, Marfrig said in a statement, adding that the proceeds would be used to reduce debt and boost Marfrig's capital. (Reporting by Ana Mano Editing by Edmund Blair)

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