Marfrig Global Foods S.A. (BOVESPA:MRFG3) made a tender offer to acquire 8.11% stake in Quickfood Sociedad Anonima (BASE:PATY) on December 6, 2018. In a related transaction, Marfrig Global Foods S.A. (BOVESPA:MRFG3) agreed to acquire Quickfood Sociedad Anonima from BRF S.A. (BOVESPA:BRFS3) for $54.8 million on December 6, 2018. As a result of the acquisition, Marfrig is required to conduct a public stock tender offer of shares representing 8.11% of the capital of Quickfood traded on the Buenos Aires Stock Exchange (BCBA), in accordance with governing law.

The Board of Directors of the National Securities Commission at its meeting of March 20, 2019 resolved to formally approve the Offer Public Mandatory Duty and Comisión Nacional De Valores has approved the deal. Carlos María Melhem, María Rosa Villegas Arévalo, Federico Alem, María Cristina Coffey, Paula V. Cerizola and Dolores María Muñiz of Allende & Brea Abogados acted as legal advisor to Marfrig Global Foods S.A. María Gabriela Grigioni of Perez Alati Grondona Benites Arntsen & Martinez de Hoz acted as legal advisors to both, Marfrig Global Foods and Quickfood.