# 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%.

- Type: Acquisition
- Announced: 2017-01-11
- Where: Türkiye
- Value: $470.0M
- Status: announced
- Products: poultry, halal chicken
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [BRF](https://endata.com/companies/21404.md) (acquirer)
- [Qatar Investment Authority](https://endata.com/companies/21405.md) (investor)
- [Banvit](https://endata.com/companies/21406.md) (target)

## Sources

- [foodnavigator-asia.com](https://www.foodnavigator-asia.com/Article/2017/01/11/Qatar-backed-wealth-fund-joins-BRF-to-buy-Turkey-s-poultry-leader/), 2017-01-11: "This acquisition strengthens BRF’s presence in the halal market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.