October 29, 2019 / 12:01 PM / 7 months ago

Brazilian food processor BRF signs MOU to invest $120M in Saudi plant

BRASILIA, Oct 29 (Reuters) - Brazilian food processor BRF SA said on Tuesday it has signed a memorandum of understanding with the Saudi Arabian General Investment Authority to invest around $120 million to build a chicken processing plant in the country.

“The company estimates the investment amount to be around $120 million, which will allow BRF to expand and consolidate its presence in the Saudi market,” BRF said in a securities filing. (Reporting by Jamie McGeever, editing by Louise Heavens)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below