Sector News

Brazil’s BRF sells Argentine subsidiary Campo Austral for $35.5 mln-filing

January 11, 2019
Consumer Packaged Goods

Brazilian food processor BRF SA has concluded the sale of its last plant in Argentina for $35.5 million, the company said in a securities filing on Thursday.

Campo Austral SA, which operates three plants in Argentina, was sold to local rivals Bogs and La Piamontesa de Averaldo Giacosa y Compañia SA for $35.5 million, the company said. BRF has concluded the sale of its three companies in Argentina, including Avex and Quickfood, and said the total amount raised was $145.5 million.

By Tatiana Bautzer

Source: Reuters

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