BRF S.A. Engages in Strategic ICMS Credit Acquisition

BRF SA (BRFS) has released an update.

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.

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