Kraft Foods has denied that it is in talks to acquire meat processor Perdigao.
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It was an unusual step from the usually reticent US food giant, which has been linked to the Latin American company in the Brazilan press.
“We don’t typically comment on market rumors, but since these reports come at the same time as the announcement that Kraft intends to access the debt capital markets, we can confirm that we are not in talks to buy Brazilian food maker Perdigao SA,” a statement from the company said today (5 December).
Kraft Foods was reported by local Brazilian media to be contemplating a multi-billion dollar bid for the Brazilian meatpacker.
The reports said that Kraft was in talks with the company’s controlling stockholder, and that while the group was favourably disposed to a divestiture, Brazil’s government had reservations about the putative transaction.
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By GlobalData
