São Paulo – This Tuesday (8), food processing company BRF announced to the market that it has hired investment banks to assist during a search for investors for Sadia Halal, the arm responsible for production, distribution and trade of food destined to the Muslim market.
The company hasn’t informed which banks were hired and, when asked, didn’t release any further information. In the statement sent to BM&FBovespa, it said that it “keep the market informed on any relevant updates related to this announcement”.
In July, BRF had announced the creation of Sadia Halal with the goal to provide “greater independence and focus to the company’s businesses aimed at Muslim markets”.
*Translated by Sérgio Kakitani
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