SAO PAULO Jan 9 Brazilian food processor BRF SA
and Qatar's sovereign wealth fund agreed to buy the
operations of Turkish poultry producer Banvit in a
joint venture, BRF said in a securities filing on Monday.
BRF said it would take a 60 percent stake in the venture and
the Qatar Investment Authority will take 40 percent in a deal
that calculates Banvit's enterprise value at $470 million. The
first phase of the deal involves acquiring 79.5 percent of
Banvit, followed by a tender offer for the rest of the company.
(Reporting by Paula Laier; Writing by Brad Haynes; Editing by