Reuters logo
Brazil's BRF sees savings of up to $180 mln from Banvit deal
January 10, 2017 / 11:39 AM / 10 months ago

Brazil's BRF sees savings of up to $180 mln from Banvit deal

SAO PAULO, Jan 10 (Reuters) - Brazilian food processor BRF SA sees cost savings and other efficiencies from its investment in a Turkish poultry producer reaching up to $180 million, Chief Executive Pedro Faria said on a Tuesday conference call.

Faria said the investment in Banvit Bandirma Vitaminli Yem Sanayii AS, announced on Monday, will give BRF’s OneFoods halal unit a roughly 40 percent share of the Middle East market. (Reporting by Ana Mano; Editing by Dominic Evans)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below