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BRF signs agreement to sell Quickfood for $60m

Dec 10, 2018 - Marketline Newswire

BRF has signed an agreement to sell 91.89% of QuickFood capital stock to Marfrig for $60m.

The two firms also signed a five-year partnership agreement to produce and distribute beef patties, meatballs, kibbeh and other products at the facility in Várzea Grande of Mato Grosso state.The total value of the deal is around R$334m, of which $60m (R$234 million) is associated with the assets sale in Argentina, while the remaining amount is related to the sale of assets in Mato Grosso.This amou...