Brazil Foods Asset Swap Seen as Positive for Marfrig

Dec 9, 2011

Brazilian food companies Brazil Foods (BRF) and Marfrig have agreed to an asset swap that would satisfy BRF’s regulator-mandated asset divestments and add Argentine assets to its portfolio, a trade that offers an Ebitda boost to Marfrig. As part of the deal, Marfrig would pay BRL200m ($110m) to BRF and hand over the assets and brands...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management