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BRF expects binding offers for Europe, Argentina, Thailand assets in December

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BRF expects binding offers for Europe, Argentina, Thailand assets in December

BRF SA executives said binding offers for the company's assets in Europe, Argentina and Thailand are expected to be received by Dec. 15, Reuters reported.

So far, the company has received 14 nonbinding offers for its Argentine assets and eight for its Thai and European assets, Reuters reported Nov. 8, citing executives.

The divestitures are part of the company's plans to raise cash and cut debt.

The company expects to raise 3 billion Brazilian reais from the divestitures, the newswire added.

As of Nov. 7, US$1 was equivalent to 3.76 Brazilian reais.