This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
June 5, 2012 /PRNewswire/ --
Marfrig Alimentos S.A. ("Marfrig" - Bovespa: MRFG3; Level 1 ADR: MRTTY) and
BRF - Brasil Foods S.A. ("BRF" - Bovespa: BRFS3; NYSE: BRFS) announce to the market and their shareholders the start of the execution of the Asset Swap Agreement and Other Covenants ("Agreement") entered into between the Companies on
March 20, 2012 and the opinion issued by
Brazil's antirust authority (
Conselho Administrativo de Defesa Economica) on
May 23, 2012, with the transfer from BRF to Marfrig of the industrial units located in Duque de Caxias (RJ) and Lajes (SC) and of the Distribution Centers located in
Salvador (BA), Campinas (SP),
Brasilia (DF) and Sao Jose dos Pinhais (PR). Approximately 3,800 employees were integrated and the processes and production information systems were connected to the management system of Seara Foods.
At the Extraordinary Shareholders' Meeting held on
May 31, 2012, the shareholders of Quickfood S.A. approved, by unanimous vote, the segregation of certain meatpacking assets that were not included in the swap transaction, making Quickfood S.A. free to be transferred to BRF. Additionally, on
June 1, 2012, Quickfood began to be managed by BRF, with the complete segregation of the information systems.
The Companies will maintain the market informed of each new stage accomplished in the transaction.
SOURCE BRF - Brasil Foods S.A.