Saudi Poultry Giant Alwatania Is Said to Explore Sale of Company [Yahoo! Finance Canada]
BRF S.A. (BRFS)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Alwatania has appointed BSF Capital as its adviser for a potential deal, according to the people, who asked not to be identified because the information is not public. A transaction may fetch as much as 2 billion riyals ($532 million), one of the people said. Talks are ongoing and could still be delayed or fall apart, the people said. Representatives for Alwatania and BSF Capital didn't respond to requests for comment. The sale plans come as Saudi Arabia's food industry is getting a boost as part of Crown Prince Mohammed Bin Salman's massive economic overhaul. The drive to secure food supply has taken on an even bigger role after the Covid-19 pandemic and the war in Ukraine disrupted supply chains and sent prices to record highs. The Saudi industry has already had a deal with Brazilian chicken exporter BRF SA through its joint venture with the kingdom's Public Investment Fund, picking up a stake in a regional poultry firm. Poultry and dairy firm Almar
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BRFS
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- BRFS's page on the SEC website