SALIC, Marfrig pledge to invest in Brazil's BRF

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SAO PAULO, May 31 (Reuters) - Saudi Arabias agricultural and livestock investment firm SALIC and Brazilian meatpacker Marfrig have both committed to buying shares in a potential new offering by BRF SA, the Brazilian food processor said on Wednesday.The Saudi firm, BRF said in a securities filing, offered to subscribe to as much as 50% of a potential BRF offering of 500 million new shares, which led Marfrig to pledge to buy the remaining 250 million shares.Under the bid, the offering must be priced at no more than 9.00 reais ($1.80) per share, BRF said, adding that its board of directors has already approved it to engage a financial adviser to analyze the move.

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