December 7, 2018 / 12:17 PM / 12 days ago

Brazil's BRF sells Argentine Quickfood to Marfrig for $60 mln

SAO PAULO, Dec 7 (Reuters) - Brazilian food processor BRF SA said on Friday it had sold Quickfood SA, an Argentine unit, to Marfrig Global Foods SA for $60 million.

BRF also said in a securities filing it agreed to sell its plant and equipment in Varzea Grande, in Brazil’s central region, to Marfrig for 100 million reais ($25.50 million).

Under the terms of the deal, Marfrig will supply BRF with hamburgers and other products for 60 months. ($1 = 3.9221 reais) (Reporting by Carolina Mandl; Editing by Christian Plumb)

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