Brazil's BRF sees savings of up to $180 mln from Banvit deal

Banvit Bandirma Vitaminli Yem Sanayi AS

10/01/2017 11:08

SAO PAULO, Jan 10 (Reuters) - Brazilian food processor BRF 
SA  BRFS3.SA  sees cost savings and other efficiencies from its 
investment in a Turkish poultry producer reaching up to $180 
million, Chief Executive Pedro Faria said on a Tuesday 
conference call.  
    Faria said the investment in Banvit Bandirma Vitaminli Yem 
Sanayii AS  BANVT.IS , announced on Monday, will give BRF's 
OneFoods halal unit a roughly 40 percent share of the Middle 
East market. 
 
 (Reporting by Ana Mano; Editing by Dominic Evans) 
 ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: 
+55-119-4470-4529; Reuters Messaging: 
ana.mano.thomsonreuters.com@reuters.net)) 
 
Keywords: BANVITAS M&A/BRF