{"id":96012,"date":"2025-10-02T18:24:11","date_gmt":"2025-10-02T21:24:11","guid":{"rendered":"https:\/\/murray.adv.br\/?p=96012"},"modified":"2025-10-02T18:47:04","modified_gmt":"2025-10-02T21:47:04","slug":"minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/","title":{"rendered":"Minerva pivots to deleveraging as Uruguay deal is halted"},"content":{"rendered":"
\n
\n
\n
Company channels R$750 m to reduce debt, keeps outlook upbeat on Brazil\/Argentina\/Chile plants<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
<\/div>\n

 <\/p>\n

 <\/p>\n

10\/02\/2025<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

\n
\n
\n
<\/div>\n
\n

Minerva Foods is reworking its plans and intends to use the R$750 million that would have been allocated to purchase three Marfrig\u2014now MBRF, following its merger with BRF\u2014plants in Uruguay to pay down debt. The decision follows the deal\u2019s blockage by Uruguay\u2019s antitrust authority, the Comisi\u00f3n de Promoci\u00f3n y Defensa de la Competencia (Coprodec).<\/p>\n<\/div>\n

\n
\n

At the same time, the company sees a promising outlook for the other units bought from its rival in Brazil, Argentina, and Chile, citing firm international demand for beef. That should underpin positive results in 2025 and organic growth of 10% next year.<\/p>\n<\/div>\n

\n

\u201cWe will use the funds to reduce leverage and support the company\u2019s deleveraging process,\u201d said Edison Ticle, Minerva\u2019s chief financial officer, speaking to reporters on Monday during Minerva Day, a meeting with analysts and investors.<\/p>\n<\/div>\n

\n

After previously blocking the closure of the deal in Uruguay several times, Coprodec issued yet another negative decision last week.<\/p>\n<\/div>\n

\n

CEO Fernando Queiroz said the company might appeal the ruling but is still considering it. The planned purchase of the Uruguayan plants in San Jos\u00e9, Salto, and Colonia was part of a larger deal in which Minerva acquired 13 Marfrig plants across South America. The plants already acquired have been under Minerva\u2019s control since October 2024, when that part of the deal was finalized.<\/p>\n<\/div>\n

\n

Mr. Ticle mentioned that by the end of September, Minerva had already reached 100% of the expected synergies from the acquired units\u2014a quarter earlier than initially forecasted. This indicates that the plants\u2019 operational and commercial processes are now aligned with Minerva\u2019s standards, he said. \u201cThis will allow us to run the fourth quarter with capacity utilization above 75%,\u201d he added.<\/p>\n<\/div>\n

\n

The executive estimated the units are delivering between R$350 million and R$400 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) per quarter. As a result, the annual EBITDA of the new plants could approach R$1.5 billion\u2014even without the three in Uruguay.<\/p>\n<\/div>\n

\n

\u201cThe performance numbers of the acquired plants are significantly better than what we announced at the time of the deal. We will probably revisit these figures next year,\u201d Mr. Ticle said. The purchase agreement was announced to the market in August 2023.<\/p>\n<\/div>\n

\n

Also at the event, Alexandre Mendon\u00e7a de Barros, a partner at consultancy MB Agro and a Minerva board member, estimated the world could produce 1.5 million to 2 million tonnes less beef next year.<\/p>\n<\/div>\n

\n

According to Mr. Ticle, beef prices are currently, on average, 15% higher in dollar terms than a year ago. \u201cBeef prices have risen, and consumption hasn\u2019t fallen. That probably signals a shift in the global price level,\u201d added Minerva\u2019s institutional relations director, Jo\u00e3o Sampaio.<\/p>\n<\/div>\n

\n

Stressing that it was not new guidance, Mr. Ticle said Minerva\u2019s 2025 EBITDA could range from around R$4.75 billion to R$5.2 billion for the entire company. Net revenue for the year is expected to reach between R$50 billion and R$58 billion. \u201cWe should end up very close to the top of the range,\u201d he said.<\/p>\n<\/div>\n

\n
\n

Investors well received the outlook presented at the event, and Minerva\u2019s shares on B3 posted the benchmark stock index Ibovespa\u2019s most significant gain on Tuesday, up 3.21%.<\/p>\n

*By\u00a0Nayara Figueiredo, Globo Rural\u00a0\u2014 S\u00e3o Paulo<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Company channels R$750 m to reduce debt, keeps outlook upbeat on Brazil\/Argentina\/Chile plants     10\/02\/2025 Minerva Foods is reworking its plans and intends to use the R$750 million that would have been allocated to purchase three Marfrig\u2014now MBRF, following its merger with BRF\u2014plants in Uruguay to pay down debt. The decision follows the deal\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26477,22043],"class_list":["post-96012","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-keeps-outlook-upbeat","tag-minerva"],"yoast_head":"\nMinerva pivots to deleveraging as Uruguay deal is halted - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minerva pivots to deleveraging as Uruguay deal is halted - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Company channels R$750 m to reduce debt, keeps outlook upbeat on Brazil\/Argentina\/Chile plants     10\/02\/2025 Minerva Foods is reworking its plans and intends to use the R$750 million that would have been allocated to purchase three Marfrig\u2014now MBRF, following its merger with BRF\u2014plants in Uruguay to pay down debt. The decision follows the deal\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\" \/>\n<meta property=\"og:site_name\" content=\"Murray Advogados\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-02T21:24:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-02T21:47:04+00:00\" \/>\n<meta name=\"author\" content=\"Gelcy Bueno\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gelcy Bueno\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\"},\"author\":{\"name\":\"Gelcy Bueno\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"headline\":\"Minerva pivots to deleveraging as Uruguay deal is halted\",\"datePublished\":\"2025-10-02T21:24:11+00:00\",\"dateModified\":\"2025-10-02T21:47:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\"},\"wordCount\":569,\"keywords\":[\"keeps outlook upbeat\",\"Minerva\"],\"articleSection\":[\"Murray News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\",\"url\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\",\"name\":\"Minerva pivots to deleveraging as Uruguay deal is halted - Murray Advogados\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/#website\"},\"datePublished\":\"2025-10-02T21:24:11+00:00\",\"dateModified\":\"2025-10-02T21:47:04+00:00\",\"author\":{\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"breadcrumb\":{\"@id\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\/\/murray.adv.br\/en\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Minerva pivots to deleveraging as Uruguay deal is halted\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/murray.adv.br\/en\/#website\",\"url\":\"https:\/\/murray.adv.br\/en\/\",\"name\":\"Murray Advogados\",\"description\":\"PLG International Lawyers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/murray.adv.br\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\",\"name\":\"Gelcy Bueno\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g\",\"caption\":\"Gelcy Bueno\"},\"url\":\"https:\/\/murray.adv.br\/en\/author\/news\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Minerva pivots to deleveraging as Uruguay deal is halted - Murray Advogados","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/","og_locale":"en_US","og_type":"article","og_title":"Minerva pivots to deleveraging as Uruguay deal is halted - Murray Advogados","og_description":"Company channels R$750 m to reduce debt, keeps outlook upbeat on Brazil\/Argentina\/Chile plants     10\/02\/2025 Minerva Foods is reworking its plans and intends to use the R$750 million that would have been allocated to purchase three Marfrig\u2014now MBRF, following its merger with BRF\u2014plants in Uruguay to pay down debt. The decision follows the deal\u2019s […]","og_url":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/","og_site_name":"Murray Advogados","article_published_time":"2025-10-02T21:24:11+00:00","article_modified_time":"2025-10-02T21:47:04+00:00","author":"Gelcy Bueno","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gelcy Bueno","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/#article","isPartOf":{"@id":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/"},"author":{"name":"Gelcy Bueno","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e"},"headline":"Minerva pivots to deleveraging as Uruguay deal is halted","datePublished":"2025-10-02T21:24:11+00:00","dateModified":"2025-10-02T21:47:04+00:00","mainEntityOfPage":{"@id":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/"},"wordCount":569,"keywords":["keeps outlook upbeat","Minerva"],"articleSection":["Murray News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/","url":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/","name":"Minerva pivots to deleveraging as Uruguay deal is halted - Murray Advogados","isPartOf":{"@id":"https:\/\/murray.adv.br\/en\/#website"},"datePublished":"2025-10-02T21:24:11+00:00","dateModified":"2025-10-02T21:47:04+00:00","author":{"@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e"},"breadcrumb":{"@id":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/murray.adv.br\/en\/minerva-pivots-to-deleveraging-as-uruguay-deal-is-halted\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/murray.adv.br\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Minerva pivots to deleveraging as Uruguay deal is halted"}]},{"@type":"WebSite","@id":"https:\/\/murray.adv.br\/en\/#website","url":"https:\/\/murray.adv.br\/en\/","name":"Murray Advogados","description":"PLG International Lawyers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/murray.adv.br\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e","name":"Gelcy Bueno","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g","caption":"Gelcy Bueno"},"url":"https:\/\/murray.adv.br\/en\/author\/news\/"}]}},"_links":{"self":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/96012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/comments?post=96012"}],"version-history":[{"count":3,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/96012\/revisions"}],"predecessor-version":[{"id":96014,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/96012\/revisions\/96014"}],"wp:attachment":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/media?parent=96012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/categories?post=96012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/tags?post=96012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}