date:Jul 15, 2019
er due to the proposed prominence of Marcos Molina, Marfrig founder and chairman, in the management of the future company.
Currently, Molina holds a 30% stake in Marfrig and would own 5% in the combined entity.
Molina was reportedly seeking to acquire additional Marfrig shares to own a larger proportion of the combined company.
If the proposed merger was successful, it would have created one of the worlds largest meat producers.
Last month, BRF and Marfrig reportedly began talks to merge the