Brazil's Marfrig, Minerva unaware of decision blocking deal in Uruguay
SAO PAULO, May 17 (Reuters) -Brazilian meatpacker Marfrig MRFG3.SA has not been notified of a decision reported in the media claiming its deal to sell some plants to rival Minerva BEEF3.SA has been blocked by Uruguayan antitrust authorities, it said in a statement on Friday.
Buyer Minerva issued a nearly identical statement on the matter. Uruguay's economy ministry told Reuters on Friday the country's antitrust authority has not made an official decision and was not commenting at this time.
Marfrig agreed in August to sell 16 slaughtering plants to Minerva for 7.5 billion reais ($1.47 billion), in a deal that would significantly change its profile in South America.
The units being divested are located in Chile, Brazil, Argentina and Uruguay. Most process cattle while one in Chile slaughters lambs.
Marfrig would retain only its larger-scale industrial facilities in South America in a bid to focus on production of processed meat products.
Marfrig also controls Brazil-based poultry and pork processor BRF BRFS3.SA, and National Beef NBEEF.UL in the United States.
Shares in Marfrig rose 2.7% and shares in Minerva were up 0.6% in late morning trading in Sao Paulo, while the benchmark Bovespa index .BVSP was down 0.2%.
($1 = 5.1118 reais)
Reporting by Ana Mano in Sao Paulo; additional reporting by Lucinda Elliott in Montevideo;Editing by Kirsten Donovan
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