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Brasil Foods in Share Buy-Back Scheme

by 5m Editor
1 June 2011, at 7:41am

BRAZIL - Meat and poultry processor, Brasil Foods, is to buy back 4,068,336 shares – 0.466 per cent of the company's capital stock.

The buy-back scheme is to service the needs of the company's Stock Option Plan and Additional Stock Option Plan which were approved at the annual meeting in March last year.

The buy back will be funded from the company's profit reserve which currently stands at 1,022,826,000 real (BRR).