Brazil's BRF signs deal to acquire processed foods factory in China
SAO PAULO, Nov 20 (Reuters) -Brazilian pork and chicken processor BRF BRFS3.SA said on Wednesday that it has signed a binding agreement to acquire a processed foods factory in China's Henan province for $43 million.
BRF said in a securities filing it will invest approximately $36 million in expanding the plant and added that it expects the factory to start operating under BRF management in the first quarter of 2025.
Reporting by Roberto Samora and Luana Maria Benedito; Editing by Anthony Esposito
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