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Jefferies Financial Group Closes Sale of 48% of National Beef to Marfrig

Jefferies Financial Group Inc., formerly known as Leucadia National Corporation, announced that it has closed its previously announced sale of 48% of National Beef to Marfrig, reducing Jefferies’ ownership in National Beef to 31%.

Jefferies received a total of about $1.1 billion in cash, including sales proceeds and related pre-closing distributions. The estimated pre-tax gain resulting from this sale, which will be included in the second quarter results of Jefferies Financial Group, is about $860-880 million, subject to typical post-closing adjustments.

Jefferies’ CEO, Rich Handler, and President, Brian ...

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