January 2, 2019 / 8:54 PM / 3 months ago

Brazil's BRF finalizes sale of Argentina subsidiary to Marfrig

SAO PAULO (Reuters) - Brazil food processor BRF (BRFS3.SA) said on Wednesday it had finalized the sale of 92 percent of its Argentine subsidiary Quickfood SA to Marfrig Global Foods SA (MRFG3.SA).

The $60 million sale had already been announced in early December and forms part of BRF’s divestment plan, aimed at reducing the company’s debt levels.

Reporting by Marcelo Rochabrun; Editing by Sandra Maler

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