Saudi Arabia’s Salic buys $188m stake in Brazil’s Minerva
Saudi Arabia’s Salic investment body has bought a 19.95% stake in Brazilian beef producer, Minerva, for US$188.4m, following the kingdom’s lifting of a ban on Brazilian beef.
Salic
Saudi Arabia to Take 20% Stake in Brazil Beef Producer Minerva
Saudi Agriculture & Livestock Investment Co. (Salic) was formed three years ago to improve Saudi food security by investing in agriculture and livestock around the world.
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