BRF - Announcement to the Market
by PR Newswire
SAO PAULO, Jan. 16, 2013 /PRNewswire/ -- BRF – Brasil Foods S.A. ("BRF" BM&FBovespa: BRFS3; NYSE: BRFS), acting in accordance within the terms of Instruction No 358 of the Brazilian Securities and Exchange Commission (CVM) of January 3, 2002 and § 4 of art. 157 of Act No 6.404/76, announced on October 4, 2012, that it had signed a binding offer to acquire, through its subsidiary in Austria, a 49% share equity stake of Federal Foods Limited ("Federal Foods"), a privately-held company headquartered in Abu Dhabi, in the United Arab Emirates.
BRF today announces the conclusion of this business at a final amount of USD 37.1 million. BRF will have powers of decision in accordance with the shareholders' agreement now in place and will consolidate the Financial Statements of Federal Foods.
This acquisition is in line with BRF's strategic plan to internationalize the Company by accessing local markets through processing and distribution, strengthening the BRF brands and expanding the product portfolio in the Middle East.
Leopoldo Viriato Saboya
Chief Financial, Administration and Investor Relations Officer