Marfrig faces shareholder arbitration seeking to unwind BRF deal
BRFS•Marfrig and BRF face arbitration seeking to unwind their share merger, which closed on September 22, 2025. Former BRF shareholders seek R$ 10 million, while the companies’ counterclaim totals R$ 50 million, putting the dispute’s value at R$ 60 million.
1. Arbitration claims and counterclaim
Former BRF shareholders allege conflicts of interest, an unfavorable exchange ratio and unequal treatment in the merger. Marfrig and BRF defend the transaction’s legality and seek damages for alleged abuse of shareholder rights and the right to bring legal action. Arbitration terms were made available on October 13, 2026, and the tribunal established a procedural timetable.
