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BRF Sells Dairy Arm to Lactalis

09 December 2014

BRAZIL - Brazilian meat and food processor BRF has completed the deal to sell its dairy interests to Lactalis.

The sale to the French dairy group that is part of the Italian company Parmalat includes BRF’s plants in Brazil at Bom Conselho, Carambeí, Ravena, Concórdia, Teutônia, Itumbiara, Terenos, Ijuí, 3 de Maio I, 3 de Maio II and Santa Rosa and its brands of Batavo, Elegé, Cotochés, Santa Rosa and DoBon.

The deal is worth R$1.8 billion (US$697,755,553.0) and is subject to the approval oif the competition authorities CADE.

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