Minerva to pay $4 million to settle case in Brazil
Minerva is South America's largest beef exporter
By: Brazilian meatpacker Minerva has agreed to pay 22 million reais ($3.90 million) to settle a case related to the payment of "undue advantages" to agricultural inspectors, Reuters reported, citing the local solicitor general's office on Friday.
Minerva, South America's largest beef exporter, confirmed the deal in a securities filing, saying it cooperated with authorities and that no damage to the public purse nor advantages earned by the company have been verified.
The case is related to operations launched by federal police in 2017.
($1 = 5.6445 reais)
12 May 2025
2
minute read
