Institutional > > News

News

Notice to the Market

Minerva S.A. ("Minerva" or "Company"), the South American leader in beef exports, hereby informs its shareholders and the market in general that.

On this date, the Company has approved the signing of a contract governing the sale, supply and exports of products produced and sold by the Company to SALIC ("Supply Contract"), to be entered into by the Company, in the capacity of supplier, and Salic (UK) Limited ("SALIC"), in the capacity of buyer.

With SALIC‘s support, the Supply Contract should strengthen Minerva Foods‘ exposure and operations in the Middle East and Asia, which comprise around 65% of the world‘s population and 40% of global GDP. According to the USDA (United States Department of Agriculture), these markets accounted for over 60% of global beef imports in 2020. In the three (3) first quarters of 2020, the region was the destination of around 55% of Minerva Foods‘ beef exports, which highlights its importance and potential to increase animal protein consumption and imports.

Click here to access the full document.