Marfrig Global Foods S.A. (BOVESPA:MRFG3) agreed to acquire 91.9% stake in Quickfood Sociedad Anonima (BASE:PATY) from BRF S.A. (BOVESPA:BRFS3) for $54.8 million on December 6, 2018. Marfrig Global Foods S.A. entered into a sale and purchase agreement to acquire 91.89% stake in Quickfood Sociedad Anonima from BRF S.A. on December 7, 2018. Under the transaction, Marfrig Global Foods will acquire 532.04 million shares of Quickfood, at a price per share of $0.103, to be paid on the settlement date of the transaction. Concurrently Marfrig Global Foods S.A. also executed contracts, which provide for the commitment, by Marfrig, to acquire real estate and equipment from BRF's unit located in Várzea Grande-MT and a supply agreement, by means of which Marfrig has undertaken to provide to BRF finished goods, such as hamburgers, meatballs, kibbehs, among others, with a term of 60 months. 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 closing of all the agreements is subject to the verification of conditions precedent applicable to transactions of such nature. The Board of Directors of Marfrig Global Foods S.A. unanimously approved the acquisition on December 6, 2018.

Carlos Mello, Ricardo Prado, Andréa Caliento, José Carlos Berardo, Jana Araújo, Sara Abdu, Bruna Andreoli and Letícia Ange of Lefosse Advogados and Carlos María Melhem, Marcos Patrón Costas, Nicolás O. Procopio, Julián Peña, Federico Rossi, Paula V. Cerizola, Federico Alem and Camila Peters of Allende & Brea Abogados acted as legal advisors for Marfrig Global. María Gabriela Grigioni, P. Eugenio Aramburu, Luis D. Barry, Luis Marcelo Nuñez, Facundo Fernandez Santos, Alicia Codagnone, María Carolina Abdelnabe Vila, Natalia Sofia Güttner and Pablo Vidal Raffo of Perez Alati Grondona Benites Arntsen & Martinez de Hoz acted as legal advisors for BRF.