BRAZIL

Reuters: Pension fund Previ sells stake in Brazil's BRF ahead of Marfrig deal

Brazilian pension fund Previ said this week it sold its minority stake in Brazilian meat processor BRF for 1.9 billion reais ($340.31 million), ending a 31-year investment in the group, according to a statement on its website.

Posted on Jul 16 ,00:15

Reuters: Pension fund Previ sells stake in Brazil's BRF ahead of Marfrig deal

Previ, which represents workers from state-run lender Banco do Brasil, said the move aims to avoid potential negative impacts from the ongoing merger between BRF and Marfrig. The pension fund added it will use the resources to buy long-term local bonds from the Brazilian government.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

INTERNATIONAL

Global meat experts forecast rising beef and sheepmeat prices

Brett Stuart and Simon Quilty, principals and owners of US-based Global AgriTrends, said that dur...


Read more Read more
SCOTLAND

Resilience of Scotland’s red meat sector highlighted in new industry report

The report - a key statical tool supporting Scotland’s red meat and business decision maker...


Read more Read more
BRAZIL

ABPA launches International Road Show to preserve market access based on WHO guidelines

The Brazilian Animal Protein Association (ABPA) will launch, on August 8, in Manila, Philippines,...


Read more Read more
Websolutions by Angular Software and SpiderClass