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Abilio Diniz may have a rival at BRF

The closer it comes to presenting a list of names to the new board at BRF, the clearer become the challenges to Abilio Diniz in his attempt to be made president of the company, supported by the Banco do Brasil pension fund (Previ) and asset management group, Tarpon.

Together, the three shareholders have an almost 25% stake in the company. It is a major stake, but it is not the ultimate solution, as about 70% of BRF's share capital is held by large groups.

While Tarpon and Previ continue to support Diniz, to bring changes to the company, Petros is quietly looking for an alternative. The Petrobras employee pension fund holds just over 10% of the company's shares.

It is in this environment that the name Décio da Silva, president of the electric motor manufacturer WEG, has been put forward. Neither Petros nor Silva has commented.

Information provided by Valor Econômico

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