Brazilian meat processor Sadia said today (5 June) that it had struck a deal to sell its stake in Russian venture Investeast.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Sadia, which looks to set to merge with fellow Brazilian meat group Perdigao, has sold its 60% stake to venture partner Fomanto in a deal worth US$77.5m.


“This decision does not change the marketing strategy of Sadia in the Russian market,” Sadia said.


The merger with Perdigao, first announced last month, would create a new business, Brasil Foods, which would be the world’s largest poultry exporter.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now