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BRF completes sale of Quickfood

BRF SA on Jan. 2 completed the sale of its 91.89% stake in Argentina-based processed food maker Quickfood Sociedad Anonima to Marfrig Global Foods SA.

The $60 million deal is part of the restructuring plan BRF announced in June 2018.

However, the Brazilian food and meat company said that the sale of its unit and equipment in Várzea Grande-MT to Marfrig still needs to meet certain conditions before it can be concluded.

As of Jan. 2, US$1 was equivalent to 3.81 Brazilian reais.