Brazil's Marfrig to invest $291 mln in Moy Park in five to seven years

miércoles 16 de julio de 2014 18:54 GYT

SAO PAULO, July 16 (Reuters) - Marfrig SA, Brazil's second-largest meatpacker, plans to invest 170 million British pounds ($291 million) in Moy Park, its European unit, over the next five to seven years, according to a securities filing on Wednesday.

Marfrig maintained a capital spending plan worth 600 million reais ($270 million) for this year unaltered, according to the filing. The amount includes any potential investments at Moy Park, the filing said.

($1 = 0.584 British pounds)

($1 = 2.22 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)