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July 4, 2014

OMAN: BRF acquires AKF stake

Brazilian food group BRF has acquired a 40% stake in Al Khan Foodstuff, the company that distributes its products in the Sultanate of Oman.

Brazilian food group BRF has acquired a 40% stake in Al Khan Foodstuff, the company that distributes its products in the Sultanate of Oman.

The financial details of the transaction were not disclosed.

BRF said the move was “in line” with its global growth strategy. “This acquisition is in line with BRF’s strategic plan to internationalise the company by accessing local markets, strengthening BRF’s trademarks, distribution and expanding its portfolio of processed products across the Middle East.”

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