Bad vibrations for Brazil’s BRF: they are compelled to sell factories, in four countries, alongside Minerva shares, to settle their accounts

Four less. BRF have definitely sold their manufacturing plants located in Argentina, The Netherlands, the United Kingdom and Thailand. The group made public their reorganization plan, which will concern the transfer of 16 factories overall, based in three continents, staffing 4,400 employees. The meat multinational corporation announced a number of cuts, which are part of the group’s strategy aiming to reduce costs and reorganize the business: as reported by international press, BRF are confident that, after selling the above-mentioned businesses, they will collect, from the markets, around 1,3 billion dollars. In addition to this, BRF will also leave their capital shares of Minerva group (lately, they had already reduced them, from 11% down to 6%).


Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now