Sector News

Brazil’s BRF says formed $200 mln joint venture in Indonesia

December 19, 2014
Food & Drink
(Reuters) – Brazil’s BRF SA, the world’s largest poultry exporter, has agreed to form a joint venture in Indonesia with PT Indofood Suskes Makmur, according to a filing on Friday.
 
The 50-50 venture will require investments of about $200 million over the next three years, according to BRF, which has sought to expand its processed-food business internationally.
 
(Reporting by Caroline Stauffer Editing by W Simon)

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