Brazil: BRF SA Looking At A Long Road Back
OneFoods saw good growth in both businesses, but processed food is still less than 20% of the mix in this segment.
OneFoods saw good growth in both businesses, but processed food is still less than 20% of the mix in this segment.
FoodBev Media BRF has continued to shrug off the effects of the so-called carne fraca scandal, reporting revenue higher than the first quarter and a 13.7% increase in pre-tax earnings.…
BRF will have vice presidents looking after Brazil, halal food division OneFoods Holdings Inc and the Southern Cone separately, the filing said.
BRF wants proceeds from the sale of the One Foods stake to help propel the latter's expansion into Asian Muslim nations.
BRF will take a 60 percent stake in the joint venture, while the Qatar Investment Authority will take 40 percent in a deal that calculates Banvit’s enterprise value at $470…