Marfrig intends to complete a 15 million dollar project at the Cledinor SA refrigeration plant (La Caballada) in June, where it will modernize the cold system; This plant will be one of those that I would sell to Minerva in case the transaction is approved.
“It is a very large project and we hope that at the end of the fall, in May or June, we will have the equipment in operation,” stated the group’s principal. Marfrig in Uruguay, Marcelo Secco.
The work aims modernize he cold system of the plant that will allow the handling of the boxes to be automated without requiring the manipulation of an operator. The work is currently in the equipment assembly phase. The same was also installed in Tacuarembó Refrigerator in 2023.
“It was a duty that we had based on improving the cold technology, which is key, in terms of rapid freezing and minimizing manual handling of the boxes, with everything that that entails from every point of view,” said Secco. This plant is among those proposed in the sale of Marfrig and Minerva which is currently in a second stage of analysis.
Minerva-Marfrig is still waiting
The Commission for the Promotion and Defense of Competition (Coprodec) of the Ministry of Economy and Finance (MEF) made official the beginning of a second stage in the analysis process regarding the purchase operation of the three refrigerators that Marfrig It has in Uruguay for de side of the company Minerva Foods. The objective is to deepen the evaluation, for which it also required “additional information from the parties and third parties.”
The Coprodec announced the passage to Stage II of concentration in the Minerva-Marfrig operation, in the process that began last November 1. With this news, the “interested third parties” will be able to “formulate the allegations that they consider to be the case, about the possible changes or impacts on the conditions of competition in the markets that they understand may be affected”, according to the official notification of the organization.
It is worth remembering that the operation consists of the acquisition by Minerva 100% of the shares of Establishments Colonia SA, Inaler SA and Prescott International SA, in addition to other assets.
At this stage, interested third parties can “formulate the allegations they consider appropriate, regarding possible changes or impacts on the conditions of competition in the markets that they understand may be affected,” the agency specified.
According to the statement from the Coprodec, The legal deadline to present written considerations is until March 14, 2024, in person. Natural persons must come with a name and identification document, while legal persons will have to prove representation.
Source: Ambito
