ThePigSite Latest News
Brazil's Sadia seeks main meat rival Perdigao
BRAZIL - Brazil's largest pork and poultry processor Sadia offered on Monday to pay 3.7 billion reais ($1.7 billion) for a majority stake in its largest domestic rival Perdigao in a deal that would give it a commanding advantage at home and added scale abroad.Sadia's bid, which will make it the commanding leader in the domestic meats market and will have to be approved by the local antitrust regulators, may be a defensive move against a potential takeover bid for Perdigao, Brazil's No. 2 meat processor, by a large foreign interest like Tyson.
Local analysts have said the largest U.S. meats producer, Tyson Foods Inc. (TSN.N: Quote, Profile, Research), is looking to enter the Brazilian market with a local acquisition.
In a move to beef up its meats business, U.S. food giant Cargill bought the major Brazilian slaughterhouse Seara Alimentos in 2004 and announced investments of up to $100 million to boost its poultry and pork capacity.
To continue reading this article please click here
Source: Reuters
More of the latest Pig Industry News
High Contract Prices Take the Shine Off Spot
Weekly Review: Hogs & Pigs Report Brings Surprises
Producers to Found National Union of Hog Breeders
Supply to Continue to Exceed Demand for Live Pigs- NFUS Wary of Creation of Independent Defra Body
RSPCA Speaks Out Against Live Export Trade
Welfare Laws Fail Pigs Miserably- Getting Gilt Integration Right
- Carbon Market Opportunities for Agriculture
Expansion of Food Borne Illness Monitoring Urged
