On May 3, MFG Holding S.A.U., a subsidiary of Brazil's Marfrig Global Foods S.A., concluded the OPA launched on March 26 in order to acquire the remaining 8.11% of Quickfood S.A. (“Quickfood”), a company dedicated to beef slaughter, meat processing and hamburger manufacturing in Argentina.
With the conclusion of the OPA, the sale of 100% of the argentine company is completed. This was, according to the firm, the first OPA carried out in Argentina under the new rules introduced by the Productive Financing Law in the Capital Markets Law and the new OPA regulations issued by the Argentine Securities Commision (Comisión Nacional de Valores) (the “CNV”). In order to conclude the OPA, the corresponding notifications had to be delivered to the CNV, Caja de Valores S.A. and Bolsas y Mercados Argentinos S.A. (“BYMA”).
The bidder hired Industrial Valores S.A. as agent for the implementation of the OPA.
The approximate value of the deal was around ARS 179 million ARS 179 millones (USD 3,955,891.80 by May 20, 2019).
The OPA was made within the frame of the disinvestment of BRF S.A. (former controlling company of Quickfood) in Argentina.
Legal advisors of Quickfood:
In-house counsels: Heraldo Geres, Carolina Blanco, Graciana Carvajal, Ricardo Araujo Rocha and Priscila da Silva de Sousa.
Perez Alati, Grondona, Benites & Arnsten: Partner María Gabriela Grigioni y associate Natalia Sofía Güttner.
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