April 9, 2018 / 12:29 PM / 3 months ago

Brazil's Marfrig acquires control of National Beef in $969 mln deal

SAO PAULO, April 9 (Reuters) - Brazil's Marfrig Global Foods SA has acquired a controlling stake in U.S. beef processor National Beef Packing Company LLC for $969 million, the company said in a statement on Monday.

Marfrig has purchased 51 percent of National Beef Packing Company shares, in a transaction valuing the target at $2.3 billion including debt, Marfrig said. (Reporting by Gram Slattery Editing by Chizu Nomiyama)

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