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BRF Confirms Legal Trading

23 July 2014

BRAZIL - BRF (formerly Brasil Foods) denies any wrongdoing in its trading practices following the merger of Sadia and Perdig√£o.

BRF denies violating the terms of the agreement that approved the merger between Sadia and Perdigão (TCD), specifically in relation to the restriction of production and sales of certain Perdigão products.

The company says that it has strictly followed the rules established in the TCD agreement, including the suspension of production and sales of some Perdigão brand products.

It adds that it will send Conselho Administrativo de Defesa Econômica (CADE; Administrative Council for Economic Defence) documentation to support its position.

Ths statement from BRF follows the publication of an article in the Folha de São Paulo newspaper on 21 July, alleging that BRF had violated the terms of the merger agreement.

 

 

 

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