Minerva BEEF3 has pledged to reduce its debt after a significant acquisition of Marfrig assets. The deal, valued at 7.5 billion reais ($1.33 billion), has raised concerns among analysts regarding its financial implications. However, Minerva’s executives remain optimistic about debt management in the upcoming years.
On Thursday, executives at Minerva BEEF3, recognized as South America’s largest beef exporter, announced intentions to reduce the company’s debt in the coming years. This commitment follows the recent acquisition, costing approximately 7.5 billion reais ($1.33 billion), from competitor Marfrig MRFG3. Concerns regarding Minerva’s substantial debt had been prevalent among analysts prior to this development.
In conclusion, Minerva BEEF3 is proactively addressing its debt concerns by committing to reduction strategies post-acquisition. The recent purchase from Marfrig has raised certain financial apprehensions, yet management expresses confidence in managing and decreasing debt levels moving forward.
Original Source: www.tradingview.com
