Parmalat about to buy the Batavo brand and Elect

The company, a subsidiary of the French group for Lactalis, is very close to an agreement to acquire dairy operation of BRF, which includes the Batavo brand and Elect. The Division was put up for sale in February this year, after the company consider it as problematic. The transaction has yet to be announced this week, according to information from Examination. The acquisition will cost just under $ 2 billion. The process is being coordinated by the Investment Bank Itau BBA. Banco Indusval advises Parmalat-for Lactalis in conversations. As the contract has not yet been signed, it is possible-though unlikely-that negotiations fail.