STXNEWS LATAM-Brazil's BRF buys 75 pct of Kuwait frozen-food business

lunes 4 de agosto de 2014 14:32 GYT

Brazilian food company BRF SA signed a binding agreement with Alyasra Foods, its current distributor in Kuwait, to acquire 75 percent of Alyasra's frozen-food distribution business, according to a statement on Monday.

The deal is valued at $160 million, BRF said, and is in line with the company's strategy of expanding in the Middle East.