Minerva Foods Faces Market Pressure After Billion-Dollar Capital Increase Announcement

Minerva Foods Faces Market Pressure After Billion-Dollar Capital Increase Announcement

Minerva Foods, South America’s leading beef exporter, announced a capital increase of up to R$ 2 billion, potentially reaching R$ 3 billion if subscription bonuses are fully exercised. The issuance price of R$ 5.17 per share represents a 20% discount compared to the previous closing price of R$ 6.44. The announcement triggered a 5.28% drop […]

Explore the Agron Portal and keep up to date on agribusiness, science and economics. Discover the knowledge that drives your success! Projected at the arroba of R$ 400, innovation and management were highlighted at the Early Novilho Encontro, which discussed the future of cattle ranching in Mato Grosso do Sul. The post Arroba at R$ 400? Early Novilho Encounter points to the future appeared first on Agron Agronégocios Online.

Minerva Foods has just announced that it will increase private capital of R$ 2 billion, seeking to reduce its leverage at a time when high interest rates have consumed a significant part of the result. The transaction price will be R$ 5.17 per share, the average of the last 60 trading sessions. This amount represents a 20% discount compared to today's closing of R$ 6.44. In addition to the discount, shareholders will have another incentive to pa…