Minerva, South America’s leading beef exporter, plans to reduce debt after a major acquisition, easing analyst concerns regarding its financial position. The company aims to cut debt this year and the next, following Marfrig’s significant purchase of assets for 7.5 billion reais.
Minerva, recognized as South America’s largest beef exporter, has publicly committed to decreasing its debt following a significant acquisition. Company executives indicated that they expect to reduce their debt both this year and next. The announcement comes amidst ongoing concerns among analysts regarding Minerva’s debt levels, particularly in light of Marfrig’s recent decision to acquire certain assets for approximately 7.5 billion reais ($1.33 billion).
Minerva is taking proactive steps to address analysts’ concerns over its debt by pledging to reduce it following a major acquisition. The company’s commitment signals confidence in its financial strategy moving forward, particularly in light of the competitive acquisitions within the industry.
Original Source: www.tradingview.com
