BRF Increases Share in Federal Foods

UNITED ARAB EMIRATES - Following the signing of an agreement with Al Nowais in February to acquire a larger share in Federal Foods in the Middle East, Brazilian poultry and food processor BRF has completed the deal.
calendar icon 11 April 2014
clock icon 2 minute read

BRF concluded the deal through its Austrian subsidiary and acquired the extra economic rights in accordance with the limits imposed by the United Arab Emirates.

The final value of the acquisition was $27.8 million.

The acquisition is in line with BRF’s strategic plan to internationalise the company by accessing local markets, through the processing and distribution, strengthening BRF’s trademarks and expanding its product portfolio across the Middle East.

© 2000 - 2023 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.