BRF to divest pet-food operation following US$114.7 million quarter-four net loss

BRAZIL- According to a stock-exchange announcement on 28th February, Brazilian meat processor, BRF, plans to sell its pet-food business after registering a US$114.7 mln net loss in the fourth quarter.  BRF, the result of the 2009 merger between Brazillian Sadia and Perdigão, announced that it had hired Banco Santander as a financial advisor for the sale of the pet food…

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