|Bid||15.33 x 0|
|Ask||15.34 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||2.48|
|Earnings date||14 Nov 2022|
|Forward dividend & yield||2.01 (19.96%)|
|Ex-dividend date||22 Aug 2022|
|1y target est||27.53|
SAO PAULO (Reuters) -The Inter-American Development Bank (IDB) and Brazilian meatpacker Marfrig Global Foods SA, owner of U.S. brand National Beef, have broken off talks over a $200 million loan tied to environmental targets, the IDB said on Wednesday. The failed proposal highlights an uphill battle for Brazil's beef industry, the world's No. 1 exporter, to overcome concerns that it is contributing to deforestation of the Amazon rainforest through its opaque and poorly regulated network of suppliers. In a statement, IDB said it had carried out due diligence last year on Marfrig's "Verde+" program, which is designed to improve sustainability of its Brazilian beef supply chain.
Brazilian meatpacker BRF SA said on Tuesday that Marfrig Global Foods SA proposed appointing its controlling shareholder Marcos Molina as BRF's chairman and Santander Brasil's Chairman Sergio Rial as vice-president of the board. Marfrig said on Monday it wished to appoint its own board members at BRF after buying a 33.25% stake in the company, saying it had decided to exercise its right to influence BRF's management. In a separate filing on Tuesday, Marfrig confirmed Molina's and Rial's proposed appointments, as well as that of another eight candidates.
By Jessica Bahia Melo