The transaction allowed Brazilian development bank BNDES to cash out of food processor Marfrig.
December 30, 2019 at 10:42 AM
1 minute read
Latin America Correspondent
Jones Day advised placement agents on a $739 million share offering for Brazilian food producer Marfrig that allowed development bank BNDES to cash out of its 34% stake in the world’s second-biggest beef processor.
The Jones Day counsel to Santander, Bradesco, JPMorgan Chase, Banco do Brasil and Jefferies was led by New York-based partner Rory Hood, together with partners Wade Angus and Marcello Hallake, who both work from São Paulo and New York.
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