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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Brasil Foods S.A. Acquires Minority Interest of Avex S.A.

SAO PAULO, Dec. 31, 2012 /PRNewswire/ -- BRF – Brasil Foods S.A. ("BRF" – BM&FBovespa: BRFS3; NYSE: BRFS) pursuant to CVM Rule 358, of January 3, 2002 and article 157, paragraph 4, of Law 6.404/76, hereby announces that it acquired 1/3 of the minority interest of Avex S.A., and through the latter, it acquired the remaining interest in the companies Flora Danica S.A., Flora San Luis S.A. and GB Dan S.A. ("Grupo Danica"), all headquartered in Argentina.

(Logo:  http://photos.prnewswire.com/prnh/20090710/SPF002LOGO )

The transaction shall be completed within 90 days, under the terms of the agreement executed between the parties and foresees a US$ 40.5 million investment.

This transaction will allow BRF to integrate its business in Argentina, including the operations of Quickfoods (acquired in July), as well as to gain synergies for integrated business.

Leopoldo Viriato Saboya

Chief Financial and Investor Relations Officer



SOURCE Brasil Foods S.A.

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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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