Following the purchase of a quarter of the equity of BRF in May 2021, Marfrig has increased its stake in the company successfully through share purchases since 2021 with a 20 percent holding in September 2023 raising the stake to 40 percent and with the latest round attaining 50.1 percent.
This action in large measure establishes the intended, but never concluded, merger that was negotiated in 2019. Currently Marcos Antonio Molina dos Santos serves as Chairman of both companies. The extent of integration going forward has not been defined but the Marfrig stated intent for the companies to operate separately sacrifices the benefits of synergy.