IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Funds maneuver to take control of BRF

An agreement between investment and pension funds and Abilio Diniz may change the course of BRF, Brazil's largest food company, created after the merger between Perdigão and Sadia, in May 2009.

The Brazilian fund Tarpon, which holds 8% of the voting shares in BRF, and pension funds - including Previ (Banco do Brasil employees) and Petros (Petrobras) - plan to take control of the company.

Today, funds have five of the ten seats on the board of directors, with nearly a 33.4% share. This group was looking for an investor to acquire up to 5% of the voting stock. The idea is to have most of the voting shares and a majority on the board. Furthermore, they want to name the chairman.

Information provided by Folha de S.Paulo

Topics

What to read next

UsernamePublicRestriction

Register

CO193884

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel