Brazil’s BRF finalises sale of Argentina subsidiary to Marfrig

Industry:    2019-01-03

Brazil food processor BRF (BRFS3.SA) said on Wednesday it had finalised the sale of 92 percent of its Argentine subsidiary Quickfood SA to Marfrig Global Foods SA (MRFG3.SA).

The $60 million sale had already been announced in early December and forms part of BRF’s divestment plan, aimed at reducing the company’s debt levels.

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