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BRF Buys Stake in Saudi Arabian Poultry Company for USD 84 Million
BRF reported on 31 October that it formalized the purchase of 26% of shares of the Saudi Addoha Poultry Company, one of the largest chicken producers in Saudi Arabia, for USD 84.3 million.
The announcement is on the back of BRF's partnership with Saudi Arabia's Public Investment Fund (PIF) set to invest USD 500 million in poultry production and food processing in the region.
According to media outlet Infomoney, Bradesco’s BBI analysts estimate that the Addoha factory purchased, which operates entirely in the halal...
Brazil's BRF Temporarily Suspends Plant Operations after Fire
Brazilian food processor BRF temporarily suspended activities at its Carambei plant after a fire broke out in the early hours of Thursday, the company said in a securities filing.
The fire has been fully contained and no victims were reported, according to BRF. The company said it is still assessing the economic impact of the event and added that its insurance covers fires.
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