December 18, 2019 / 1:30 PM / a month ago

Shares in Brazil's Marfrig down 5% after share offering

SAO PAULO, Dec 18 (Reuters) - Shares in Brazilian meatpacker Marfrig Global Foods SA were 5% down in early trading in Sao Paulo, at 10.22 reais ($2.44) per common share, after the conclusion of a share offering on Tuesday.

The company said in a securities filing on Tuesday evening that it priced its share offering at 10 reais per share, adding it will raise 900 million reais ($214.47 million). ($1 = 4.1964 reais) (Reporting by Tatiana Bautzer and Alberto Alerigi Jr., editing by Louise Heavens)

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