BRAZIL: Perdigao, Sadia talks ongoing
Brazilian food group Perdigao has confirmed that it remains in talks over a possible tie-up with local meat processing giant Sadia amid renewed speculation that a deal is imminent.
Perdigao said yesterday (12 May) that the two sides had had "preliminary" talks about the "feasibility" of an alliance.
The company, however, added that an agreement had yet to be struck. Reports in Brazil had claimed that a deal would be announced this week.
Sadia refused to be drawn on the speculation, declining to comment on the "rumours" when contacted by just-food.
Sadia revealed in March that the two sides were in talks. Last month, the group's chairman said he was hopeful of a deal by June.
Demand for "value-added" convenience food is set to be a central factor in the buoyant growth forecast for the Brazilian food sector from industry analysts BMI....
Brazilian food processor Brasil Foods has approved the delisting of the shares of its subsidiary Sadia....
Brazilian food group Marfrig, the new owner of former Cargill poultry business Seara Alimentos, has dismissed reports claiming it is also holding talks to buy Groupe Doux's local operations....
US agribusiness giant Cargill remains committed to growing its meat businesses around the world, the company has told just-food, despite the sale of its pork and poultry unit in Brazil....
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