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English news

26-Apr-2016

Brazil's BRF acquires Oman frozen food distributor

Brazil's BRF reached a deal to acquire all of Oman-based frozen food distributor Al Khan Foodstuff, BRF said in a filing on Monday. BRF, the world's largest poultry exporter, already had a 40% stake in the company that it estimates to be worth USD64 million. BRF has been expanding its processed foods business in the Middle East and Asia, recently making acquisitions in Qatar and Thailand. (Reuters)

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