November 23, 2022 |
Brazilian meatpacker Minerva said it made a non-binding offer to buy Breeders and Packers Uruguay (BPU) and has until the end of the year to reach an agreement with the owner, Japan's NH Foods.
"This initiative is in line with Minerva Foods' strategy to maximize its geographic diversification by creating alliances and partnerships, thus exploring strategic opportunities, including with NH Foods, in several countries," the company said in a statement on Monday.
Minerva did not say how much it off
Brazilian meatpacker makes an offer reported to be worth $40 mln