The Saudi Agricultural and Livestock Company (SALIC) has increased its stake in Brazilian meat firm Minerva Foods.
SALIC increased its stake in Minerva from 25.5% to 33.83%, state news agency SPA reported on Wednesday (September 16).
The transaction involved SALIC (UK) Limited converting 61,593,622 Minerva common shares it acquired to reach a consolidated stake of 185,536,600 shares, according to documents filed by Minerva.
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