Brazilian meatpacker, Minerva, has proposed selling one of its potential future cattle slaughterhouses in Uruguay to address antitrust concerns hindering its acquisition of three local slaughterhouses from competitor Marfrig. The company submitted a revised request for approval to Uruguay's watchdog, Coprodec, suggesting the immediate sale of its Colonia unit post-transaction.
The adjusted proposal aims to allay Coprodec's competition apprehensions following their previous blockage of the deal, upheld by the nation's government. As part of a larger agreement announced in 2023, Minerva plans to acquire a total of 16 slaughtering plants from Marfrig in South America for 7.5 billion reais, with the acquisition of the 13 plants outside Uruguay already completed.