BRF completes acquisition of almost 80% of the shares of Banvit Turkish

São Paulo – the BRF announced this Thursday, 25, the completion of the acquisition of 79.48% of the shares of Banvit, leader in the production of poultry in Turkey.
The purchase will be carried out by the subsidiary TBQ Foods, in conjunction with the Qatar Investment Authority, Qatar''s sovereign wealth Fund, which holds 40% of the capital of TBQ.
The transaction was announced by BRF in January. The company does not disclose the amounts involved in the acquisition.
In the statement released at the beginning of the year, the BRF revealed that the value of the Banvit was valued at about $ $470,000,000, and so the value of the shares acquired by the BRF would be approximately $ $340,000,000.
To make an offer to purchase TBQ of minority participation of Banvit, under the same conditions offered to drivers.