Brazil-based Marfrig Global Foods SA will acquire a controlling stake in National Beef Packing Co. LLC

Brazil-based Marfrig Global Foods SA will acquire a controlling stake in National Beef Packing Co. LLC for $969 million. In addition, Marfrig is seeking to sell an existing U.S. unit, Keystone Food LLC, and use the proceeds to repay $1 billion in loans it is taking out to finance the acquisition, reported Reuters.

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