Minerva BEEF3 plans to reduce debt in the coming years after completing a major acquisition. Concerns over debt levels have been raised following Marfrig’s significant asset purchase agreement worth 7.5 billion reais ($1.33 billion).
Minerva BEEF3, recognized as South America’s largest beef exporter, has announced its commitment to reducing debt levels following a significant acquisition. Executives from the company indicated on Thursday that they are optimistic about achieving debt reduction both this year and the subsequent year. Concerns regarding the company’s debt have been prevalent, especially after Marfrig MRFG3’s announcement of a deal valued at approximately 7.5 billion reais ($1.33 billion) for certain assets from its competitor Marfrig.
Minerva’s executives express confidence in managing and reducing debt in the wake of their recent acquisition. This commitment comes amidst concerns from analysts regarding the company’s financial obligations, particularly in light of major competitors’ acquisitions. Reducing debt remains a priority for the company as it navigates the challenges of the industry.
Original Source: www.tradingview.com
