Deal BRF sells Argentine subsidiary

by Editor fleischwirtschaft.com
Tuesday, January 15, 2019
The subsidiary Campo Austral was sold by the Brazilian company for $35.5 mill.
Photo: BRF
The subsidiary Campo Austral was sold by the Brazilian company for $35.5 mill.

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

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 mill., 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 mill.

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