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BRF, a global agribusiness giant created after the merger between Perdigão and Sadia, finalized Thursday the badet sale process incorporating its operational restructuring strategy. The final act of this milestone was the confirmation of the sale of four food processing and poultry slaughter plants in Brazil.
The final act of this milestone was the confirmation of the sale of four food processing plants and the slaughter of poultry in Thailand and two in Europe, the Netherlands and the United Kingdom for 340 million dollars , or $ 1.3 billion, for the American Tyson Foods. Previously, BRF had already divested plants in Argentina and a burgers unit in Brazil.
All these transactions, added to the resources obtained through an investment fund in the form of rights of real estate badets, the company raised R $ 4.1 billion. This amount was lower than the original target of R5 billion. BRF further extended the scope of the financial indebtedness targets for a further six months
. The company said the divestments included loss-making operations and better targeting of management. Data not yet audited indicate that cash at the end of December 2018 amounted to about R $ 6.9 billion, a figure sufficient to cover the debt write-off forecast of $ 4.256 billion. R $ forecast for 2019.
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