February 8, 2019 |
Brazil's BRF said it has earned BRL4.07bn ($1.09bn) from asset sales since June last year, short of its goal of BRL5bn.
"They have not sold as much as the market wanted them to, but Brazil is softer across the board today," said an emerging markets investor in the United States.
BRF's share prices dropped 4.01% to close at BRL23.21 on Thursday, adding to a 23% fallout in the past six months, while the the B3 stock market went down 0.24% on the day.
The São Paulo-based food company also said it
Brazilian food company unloads $1.1bn in assets, or 81% of the target