March 17, 2020 / 10:54 AM / 19 days ago

Brazil meatpacker Marfrig announces share buyback plan for up to 5.91 mln shares - filing

BRASILIA, March 17 (Reuters) - Brazilian meatpacker Marfrig plans to buy back up to 5.91 million of its own shares, it said in a securities filing on Tuesday.

The amount of shares to be bought back represents 0.83% of the company’s total shares and 1.45% of its free-float, and the operation will be carried out in a single transaction or a series of transactions over the next 18 months, it said. (Reporting by Jamie McGeever, editing by Louise Heavens)

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