Brazil’s Marfrig raises stake in National Beef to 81.7%

SAO PAULO – Brazilian protein producer Marfrig Global Foods SA has raised its stake in U.S. meatpacker National Beef Packing Company to 81.7% from 51%, according to Sunday evening filings.

Marfrig acquired the stake from Jefferies Financial Group Inc for $860 million. Including dividends relative to this year, Jefferies will receive a total of $970 million.

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