Spanish meat processor Campofrío is reported to be eying investments, to be funded with investment worth up to €250m (US$304.5m).

"We are in a magnificent situation not only to consider organic growth, but the possibility of carrying out investments in acquisitions, both in the meat sector and similar markets," chairman Pedro Ballve is quoted as saying by newspaper ABC.

Ballve elaborated on this statement, saying that Campofrío is still concentrating on southern and eastern Europe, and sees potential for significant growth in Russia.

US meat giant Smithfield Foods holds a 22.4% stake in Campofrío, while the founding Ballve family retains control.