Minerva to sell Uruguay plant to Allana for $48M
Sale aims to ease antitrust concerns over Marfrig dealBrazilian meatpacker Minerva said on Friday it signed a contract to sell the Colonia plant in Uruguay to Allana for $48 million, as part of its efforts to get antitrust approval for the purchase of other two plants in the country, according to Reuters.
Minerva has proposed to Uruguay's watchdog Coprodec to sell one of the three plants it wishes to buy from Marfrig - the Colonia unit - immediately following the deal, after the regulator blocked Minerva's acquisition of the three assets last year.