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CADE Approves Merger Between Marfrig and BRF

Regulatory body’s general superintendence gives the green light for the creation of MBRF

São Paulo, June 4, 2025 – Marfrig and BRF have announced that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved, without restrictions, the merger between the two companies on Tuesday (June 3). This decision marks a major milestone in the creation of MBRF, a company that is set to become one of the world’s largest food sector players, with net revenue of R$152 billion over the past 12 months and 38% of its portfolio made up of high value-added processed products, including iconic brands like Sadia, Perdigão, Qualy, and Bassi.

Approval by Brazil’s antitrust authority confirms that the merger between Marfrig and BRF—already part of the same economic group—does not pose competitive risks. The decision will become effective within 15 days, provided there are no objections from CADE’s Tribunal or appeals filed. The regulatory clearance is part of a broader process defined by the management of both companies, which included the creation of independent committees within their boards to negotiate the terms of the deal in accordance with legislation and best governance practices. The next step in the process is the shareholders’ meetings of both companies, scheduled for June 18.

The business combination aims to strengthen the global presence of the two companies' brands, unlock strategic, operational, and tax synergies, and generate value for shareholders, customers, consumers, and other stakeholders—leveraging competitive advantages across different markets.