Bloomberg News

Marfrig CEO Increases Stake in Company for Fifth Straight Month

August 11, 2012

Marfrig Alimentos SA (MRFG3) founder and Chief Executive Officer Marcos Antonio Molina boosted his stake in the company for a fifth consecutive month.

Molina increased his stake to 48.8 percent in July from 48.6 percent a month earlier, according to a statement yesterday. Since February, he has spent about 74.6 million reais ($37 million) buying shares, according to previous regulatory filings. He held 43.5 percent of the company a year ago.

Marfrig shares dropped 41 percent in the past two years, more than the 12 percent slide of the Bovespa stock index.

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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