15 October, 2019 - 17 October, 2019
16 October, 2019 - 17 October, 2019
18 October, 2019 - 18 October, 2019
19 October, 2019 - 23 October, 2019
High Point, North Carolina, U.S.
23 October, 2019 - 25 October, 2019
After the capital increase, Minerva’s Chilean unit is to have operations in other South American countries such as Argentina and Colombia.
The Board of the Brazilian meat processor is reported to have approved an initial public offering (IPO) by its Chilean unit, Athena Foods in Santiago. Minerva said in a securities filing that Athena will be listed on the Santiago Stock Exchange and that the plan will be preceded by a capital injection into Athena and its holdings in Paraguay, Uruguay, Argentina and Colombia.
Minerva made the announcement as it revealed its 2018 second-quarter revenues were R$3.73 billion (US$995.6 million), up from R$2.58 (US$662.85 million) in the corresponding quarter of 2017. Adjusted EBITDA was R$353.4 million (US$93.7 million), against R$277.3 million (US$60.26) a year earlier.