Brasil Foods Acquires 1/3 Minority Interest of Avex

Loading...
Loading...
Brasil Foods S.A.
BRFS
pursuant to CVM Rule 358, of January 3, 2002 and article 157, paragraph 4, of Law 6.404/76, hereby announces that it acquired 1/3 of the minority interest of Avex S.A., and through the latter, it acquired the remaining interest in the companies Flora Danica S.A., Flora San Luis S.A. and GB Dan S.A. ("Grupo Danica"), all headquartered in Argentina. (Logo:  http://photos.prnewswire.com/prnh/20090710/SPF002LOGO ) The transaction shall be completed within 90 days, under the terms of the agreement executed between the parties and foresees a US$ 40.5 million investment. This transaction will allow BRF to integrate its business in Argentina, including the operations of Quickfoods (acquired in July), as well as to gain synergies for integrated business. Leopoldo Viriato Saboya Chief Financial and Investor Relations Officer
See full press release
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceManagementM&AGlobal
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...