BRAZIL: Brasil Foods approves delisting of Sadia shares

6 November 2009 | Source: just-food.com

Brazilian food processor Brasil Foods has approved the delisting of the shares of its subsidiary Sadia.

Brasil Foods was created earlier this year through a merger of Brazil's two largest meat packers, Perdigao and Sadia.

Perdigao shareholders control 68% of the new entity and Sadia operates as a 100% owned subsidiary of BRF.

The merger is still pending the approval of the Brazilian anti-trust commission.