BRF sells argentina QuickFood for Marfrig for U $ S 60 million

The BRF (owner of Sadia and Perdigao) announced on Friday, 7, selling your unit argentina, QuickFood, for $ $60 million Marfrig. The agreement includes the sale of land and factory equipment BRF in Várzea Grande (MT) by $100 million. The transaction is estimated at around R $330 million, is part of a divestment plan announced by the company of R $5 billion. With this operation, the BRF has managed to raise $822 million of your R goal of asset sale this year to reduce its heavy debt. The company, which had your name involved in weak flesh, in March last year, and Cheating, in March this year, also hopes to complete this year the sale of its business in Europe and Thailand. "The BRF has salaries of R $1.7 billion in debt in the first quarter of next year and will use the resources with sales of assets to reduce leverage," said Chad's Light, Vice President of operations. BTG Pactual analysts evaluated the positive operation, marking the beginning of the "saga" of the BRF to fulfill the goal of divestments. "Both assets were probably showing below-expected performance in recent years, which makes it impossible to calculate fairly values", said analysts, assessing that the BRF must do "many other ads" in the upcoming sales weeks and months. Relevant. For Marfrig, the acquisition reinforces the company's position in burgers. For Edward Miron, global President of the company, the Division of burgers must respond, in 2019, for 10% of the company's revenue without the need to make new acquisitions. The Marfrig got the Hamburger plant in Ohio, in the United States, when he sold this year the Keystone for Tyson Foods.