BRF nears completion of first meat plant acquisition in China
BRF, one of the world’s largest chicken and pork meat processors, expects to complete its purchase of a factory in Henan, China, in the coming days, the company’s vice president of finance and investor relations, Fabio Mariano, told.
The unit is expected to begin production in May. The 460 million real ($81.7 million) deal, including investments, was announced in November and marks BRF’s entry as a meat producer in China, Brazil’s most important market for protein exports.
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