◂ Announcements

Jan 11, 2017ACQUISITIONTürkiye

BRF and QIA joint venture acquires Turkish poultry producer Banvit

BRF and Qatar Investment Authority formed a joint venture, One Foods, to acquire Banvit, Turkey's largest poultry producer, for $470 million including debt. BRF will hold 60% and QIA 40%.

Value

$470.0M

Status

Announced

Productspoultryhalal chicken

CompaniesBRF acquirer Qatar Investment Authority investor Banvit target

Sectors#Food Processing Equipment

“This acquisition strengthens BRF’s presence in the halal market.”foodnavigator-asia.com

1 source
foodnavigator-asia.comQatar-backed wealth fund joins BRF to buy Turkey’s poultry leaderRichard WhiteheadJan 11, 2017

Summarized from public sources; check the original articles before acting on it.

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