Brazil’s BRF closes buy of Mogiana, Hercosul for $260 mln

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Brazil’s BRF closes buy of Mogiana, Hercosul for $260 mln


SAO PAULO, Sept 1 (Reuters)Brazilian meals processor BRF SA BRFS3.SA has concluded the acquisition of pet meals corporations Mogiana Alimentos and Grupo Hercosul, paying a mixed 1.35 billion reais ($260.37 million), in accordance with a securities submitting on Wednesday.

BRF’s transfer is a part of a plan to change into some of the related gamers within the Brazilian pet meals market by 2025, the submitting stated.

($1 = 5.1849 reais)

(Reporting by Ana Mano; Enhancing by Leslie Adler)

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