Marfrig Ends Deal to Sell Uruguay Plants to Minerva
São Paulo, Aug 29, 2025 – Brazilian meat processor Marfrig has scrapped a planned deal to sell three of its beef plants in Uruguay to rival Minerva, saying contract terms were not fulfilled within the 24-month deadline. The transaction, originally signed in August 2023, was valued at about 675 million reais (US $124 million).
Marfrig said the termination was based on unmet conditions, while Minerva argued the contract remains valid and pledged to keep pursuing regulatory approval to close the purchase. The agreement was part of a broader 7.5-billion-real asset swap involving 16 South American slaughterhouses.
The dispute comes as Brazil’s beef sector faces mounting challenges, including a new 50% U.S. tariff on beef exports, which is pressuring companies to diversify their operations across borders (Reuters)
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