BRF SA (BRFS) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
BRF S.A. has announced a significant transaction with its controlling shareholder, Marfrig Global Foods S.A., involving the acquisition of up to R$350 million in ICMS credits from the state of São Paulo. This strategic move allows BRF to offset its ICMS debts effectively, with the first payment of R$20 million scheduled for October 31, 2024. The company’s management believes this transaction is in its best interest due to favorable terms and immediate credit utilization.
For further insights into BRFS stock, check out TipRanks’ Stock Analysis page.
