Sector News

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

January 11, 2019
Food & Drink

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

Related News

May 28, 2020

Nestlé launches snack delivery service in UK with Deliveroo

Food & Drink

Nestlé has joined forces with Deliveroo’s Essentials delivery platform to offer a variety of its brands to UK consumers direct to their door. As part of the new service, consumers can […]

May 28, 2020

Danone’s Nutricia grants US$1m for global nutrition research for COVID-19 patients

Food & Drink

Danone’s nutrition health arm, Nutricia, is supporting research from independent medical professionals to define guidelines for nutritional care for COVID-19 patients recovering after intensive care unit (ICU) discharge. Over the […]

May 28, 2020

Cargill’s “FATitudes” survey reveals changing consumer attitudes toward fats and oils in packaged goods

Food & Drink

Sixty-eight percent of consumers worldwide are closely monitoring the type and amount of fat and oil in their packaged food, according to a new global FATitudes study from Cargill. The […]