SÃO PAULO — A general shareholders meeting scheduled for June 18 to vote on the proposed merger between BRF S.A. and Marfrig Global Foods S.A. has been postponed.

According to a joint statement from the companies, the Brazilian Securities Commission (CVM) received two requests regarding the shareholders meeting — one to call off the meeting and one to postpone it.

CVM rejected the request to completely cancel the meeting, noting it lacked reasons to justify such an action. However, CVM did grant the request to postpone the meeting for a 21-day period.

During this time, CVM has asked BRF and Marfrig to disclose additional information related to their potential merger.

The companies said they are “evaluating … the content of such decision, as well as any applicable measures, including a potential request for reconsideration, and will keep the market informed of any material developments.”

While this development sets back the shareholders vote, Marfrig and BRF received the greenlight on their merger earlier this month from Brazil’s national competition regulator, the Administrative Council for Economic Defense (CADE).

On June 3, the council declared no risks from the proposed transaction.

If approved, the combined business — to be known as MBRF Global Foods Co. S.A. — would increase revenue and reduce costs, estimated at R$485 million ($85.6 million) per year.

The business plan was first announced in May 2025.