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BRF S.A. Message Board

  • pogitondo4801 pogitondo4801 Jul 14, 2011 12:01 AM Flag

    12% of Sales dow article. Long since 03,Helluva Ride!

    Brazil's BRF: Cade Restrictions Affect 12% Of Sales Volume

    Jul 13, 2011 14:02:15 (ET)


    DOW JONES NEWSWIRES


    SAO PAULO (Dow Jones)--BRF Brasil Foods (BRFS3.BR, BRFS) said Wednesday that the restrictions imposed by antitrust regulator Cade affect about 12% of 2010 sales volume.

    Cade approved the merger of Sadia SA and Perdigao SA Wednesday, but required BRF, formed by the merger of Brazil's biggest food processors, to sell minor brands as well as to suspend the Perdigao brand for as long as five years for some products.

    The restrictions will affect 702,000 tons of annual sales volume, or about 12% of the 6.1 million tons of food products that BRF sold last year. BRF said the restrictions on Perdigao affect about one-third of sales volume.

    -By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7073; paulo.winterstein@dowjones.com

    (END) Dow Jones Newswires

    July 13, 2011 14:02

 
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