|Bid||5.93 x 0|
|Ask||6.00 x 0|
|Day's Range||5.91 - 6.08|
|52 Week Range||4.68 - 9.50|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.64|
Brazilian food processors Marfrig Global Foods SA and Minerva SA said on Friday that all seven of their plants in Uruguay have been authorized to export fresh beef to Japan. Marfrig and Minerva meat processing units in Uruguay will benefit from an agreement signed in December between the governments of Uruguay and Japan that ended a 19-year hiatus in fresh beef trade between the two nations.
BRASÍLIA, Jan 18 (Reuters) - Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. Dias said in an interview that the South American nation's new business-friendly government plans to send draft legislation on self-monitoring to Congress in the first half of this year. Self-monitoring, widely used in the United States and other developed countries in Europe, would be introduced gradually across various agricultural products and eventually be used for oversight of meatpackers.
Moody's Investors Service (Moody's) affirmed Minerva S.A. (Minerva)'s B1 global scale rating and changed the outlook to positive from stable. The affirmation of Minerva's B1 rating and change in outlook to positive reflects the improvement in credit profile supported the company's enhanced geographic footprint in South America and deleverage strategy pursued through debt reduction. Accordingly, the capital increase of BRL 965 million (USD 257 million) recently completed allowed Minerva to amortize USD 217 million of the principal amount of its perpetual notes.
Flavio Bolsonaro, the son of Brazil's president-elect Jair Bolsonaro and one of his top aides, said on Tuesday that his father's government will move the Brazilian embassy in Israel to Jerusalem, following ...
Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years, an executive told Reuters on Monday. The agreements will bring in an estimated $600 million in new annual export revenue after an unspecified ramp up phase, Iain Mars, chief executive of Athena Foods, the company division that operates plants beyond its Brazil headquarters, told Reuters in an interview. In a presentation to investors and analysts earlier in the day, Mars said China had an "insatiable appetite" for beef from South America.
Brazilian meatpacker Minerva SA has hired Banco BTG Pactual SA and JPMorgan Chase & Co as coordinators for the initial public offering of its international unit Athena Food in Chile, two people with knowledge of the matter said. Among other institutions that will help manage the offering are HSBC Holdings Plc and Chile's Larrain Vial SA Corredora de Bolsa, the sources added, asking for anonymity because discussions are private.
Brazilian meatpacker Minerva SA denied on Wednesday local media reports that its shareholder, sovereign wealth fund Saudi Agricultural and Livestock Investment Co , was planning a tender offer to minority ...
Most Latin American currencies strengthened on Tuesday after U.S. President Donald Trump criticized the head of the Federal Reserve for raising interest rates, but the Brazilian real weakened due to concerns ...
Credit conditions for companies are showing signs of improvement as Brazil (Ba2 stable) emerges from its deepest economic recession in history, but economic uncertainty persists ahead of the October 2018 presidential elections, Moody's Investors Service says in a new report. Brazil's economy will grow again in 2018, following its 1% expansion in 2017 after two years of recession, but Brazil's central bank consensus points to 1.5% growth in 2018 down from an earlier 2.6% forecast followed by 2.5% growth in 2019. Brazil's national oil company, Petrobras (Ba2 stable) will stay focused on reducing debt and strengthening its operating performance in order to improve its cash generation and credit metrics.
Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay and Colombia under Athena and list them in Chile. Minerva said its industrial units outside Brazil produced total gross revenues of 1.581 billion reais ($421.39 million), equivalent to 40 percent of the company's total gross revenue.
Brazilian food processor BRF SA is negotiating a block sale of some of its shares in smaller beef company Minerva SA, newspaper Valor Econômico said on Thursday. According to the latest figures provided in Minerva's website, BRF owns an 11.62 percent stake in Minerva, Brazil's fourth-largest listed meat company by sales. BRF began to sell shares in the market in the first week of June, contributing to a 6.6 percent decline in the price of Minerva shares this month, according to the news article.
Brazil's real currency hit a new two-year low on Wednesday, even as its Latin American peers gained against a weakened dollar, underlining the level of investor concern for a country coming off a massive ...
Brazilian food processor BRF SA said on Wednesday it was not aware of any "formalization" regarding a possible merger with competing food processor Minerva SA. Financial blog Brazil Journal said on Tuesday that Minerva was contacting potential investors to finance a capital increase to merge the two companies in a deal worth up to $3 billion. Minerva later said in response to the report it has not proposed any investment in a tie-up.