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7 months ago
Brazil's BRF sees savings of up to $180 mln from Banvit deal
January 10, 2017 / 11:42 AM / 7 months ago

Brazil's BRF sees savings of up to $180 mln from Banvit deal

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SAO PAULO, Jan 10 (Reuters) - Brazilian food processor BRF SA sees cost savings and other efficiencies from its investment in a Turkish poultry producer reaching up to $180 million, Chief Executive Pedro Faria said on a Tuesday conference call.

Faria said the investment in Banvit Bandirma Vitaminli Yem Sanayii AS, announced on Monday, will give BRF's OneFoods halal unit a roughly 40 percent share of the Middle East market. (Reporting by Ana Mano; Editing by Dominic Evans)

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