SAO PAULO (Reuters) -Shareholders in Marfrig and BRF approved on Tuesday the proposed merger between the two Brazilian food processors, the firms said in a joint securities filing.
The approval placed the deal one step closer to completion, although it still lacks necessary regulatory approvals.
The firms announced in May a plan for Marfrig – already the holder of a controlling stake in BRF – to purchase the remaining shares of BRF in a share-swap deal, forming a global food company called MBRF.
(Reporting by Isabel Teles and Andre Romani; editing by Gabriel Araujo and Natalia Siniawski)
