Notice to the Market: non-binding offer for the acquisition of BPU
Débora Caetano
11.22.22

Minerva S.A. (“Minerva” or “Company“), a Latin America leader in beef export, according to paragraph 4 of article 157 of Law 6,404, of December 15, 1976, as amended (“Brazilian Corporation Law”) and the regulation of the Brazilian Securities and Exchange Commission (“CVM”), especially CVM Resolution 44, of August 23, 2021 (“Resolution 44”), hereby informs its shareholders and the market in general that the Company made a non-binding offer for the acquisition of Breeders and Packers Uruguay (“BPU”), a subsidiary of Nippon Ham Foods Group (“NH Foods”). The transaction is subject to the conclusion of the due diligence process until the end of 2022 when Minerva Foods’ exclusivity period for the acquisition ends.

BPU is one of the most modern beef slaughterhouses in South America, with a slaughter capacity of 1200 head/day using high technology in the industrial process, which produces and exports beef from Uruguay with the highest quality and sanitary safety levels.

Uruguayan beef is renowned worldwide for its tradition and quality, with a reach to the main and most restrictive markets in the world, such as Japan, South Korea, China, and the United States. Uruguay is currently among the ten largest beef exporters in the world.

This initiative is in line with Minerva Foods’ strategy to maximize its geographic diversification by creating alliances and partnerships, thus exploring strategic opportunities, including with NH Foods, in several countries. It is worth noting that all of Minerva Foods’ movements excel in financial discipline, preserving comfortable leverage levels while seeking to maximize the creation of value for all shareholders.

The Company reiterates its commitment to keep shareholders and the market in general informed on the development of this and any other relevant matter.

To access the full Notice to the Market, click here.