28 de julio de 2015 / 16:38 / en 2 años

Brazil's J&F plans to exit electricity investments, sources say

SAO PAULO, July 28 (Reuters) - J&F SA, the Brazilian investment holding company that controls the world’s No. 1 meatpacker, plans to exit investments in the country’s beleaguered electricity sector, two sources with direct knowledge of the situation said on Tuesday.

J&F, a holding controlled by Brazil’s Batista family that has investments in processed foods and home products, has invested a total 3 billion reais ($874 million) in projects including windpower plants and transmission lines, said the first source, who requested anonymity because the decisions are private.

$1 = 3.4210 Brazilian reais Reporting by Luciano Costa; Writing by Guillermo Parra-Bernal; Editing by Chizu Nomiyama

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