News

Perdigao takeover of Sadia approved by EU

//02 Jul 2009
European Commission regulators have approved Brazilian food processor Perdigao's takeover of rival Sadia, reports Reuters.

Approval of the transaction by Brazilian competition authorities is still pending, said Perdigao.

Perdigao agreed to acquire Sadia on 19 May, joining Brazil's top 2 poultry and pork processors to create a global industry leader with annual sales topping $10 bln.

The combined company, called Brasil Foods, would be the largest private sector employer in Brazil, with more than 116,000 workers, and would control almost a quarter of the global poultry market.

Source: Reuters

Rating:
Click here to register for the free World Poultry newsletter

World Poultry

Newsletter Photos Videos Bloggers Joke of the week

Poultry diseases

Upcoming events

More upcoming events >

Idea Box

World Poultry cares about the opinion of its users. We really appreciate your feedback and suggestions to improve this website.
 
 
Newsletter:
If you have missed our last news letter or would like to view or receive one:Click here