BRF should sell assets abroad by December

The food company BRF (result of the Union of Sadia and Perdigao) must complete the sale of its assets in Argentina, Europe and Thailand until December. Pedro Parente, which accumulates the Executive Presidency and the Board of Directors of the company, should hand the reins of the largest global exporter of chicken to the Vice President of operations of the BRF, Iurii Light until June 2019. Relative will stay ahead of the collegiate Presidency from June next year, but should not leave the day to day company. "I will be a chairman with a more active participation in BRF", said the Executive, who until May was the President of Petrobras. There are four months in BRF, Relatives announced an aggressive plan to sell assets. The company intends to raise about $5 billion with R sale few strategic business to reduce their debts. The arrival of Relatives was announced as part of an extensive restructuring by shareholders of the group after followed negative quarterly results and the company's involvement in Federal Police investigations. The BRF, facing bans export of chicken meat, is open to collaborating with the authorities about the investigation of the operation, said Relative during investor event, held yesterday. In the second quarter, the BRF closed with prejudice to R $1.57 billion. The expectation of the company is to recover the profit margins along 2019 to resume historic levels until 2020 and grow from 2021. Domestically, focus is revitalizing the brands Sadia and Perdigão and win market with the latest Kideli.