BRF Is Said in Talks to Sell Pet Food Unit Amid Overhaul
- Poultry producer working with Santander on potential sale
- Company seeks to reduce leverage and focus on core business
Signage is displayed outside a BRF SA market in Sao Paulo, Brazil, on Saturday, March 18, 2017.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
Brazilian poultry giant BRF SA is in talks to sell its pet food unit to raise cash amid a business overhaul, according to people with direct knowledge of the matter.
The food company is working with Santander SA’s Brazilian unit to sell the division for about 2 billion reais ($384 million), the people said, asking not to be named since the discussions are private. BRF paid 1.35 billion reais for the assets in 2021.