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Brazil's BRF sees no large acquisitions in near term
August 1, 2014 / 12:45 PM / 3 years ago

Brazil's BRF sees no large acquisitions in near term

SAO PAULO, Aug 1 (Reuters) - Brazilian food processor BRF does not expect any large acquisitions in the near term, CEO Claudio Galeazzi said in a conference call on Friday, though it may look at small regional acquisitions to boost local production.

The company reported a 28 percent increase in second-quarter profit from a year earlier on Thursday, which Galeazzi attributed to streamlining operations and decreasing sales volumes to less-promising foreign markets. (Reporting by Caroline Stauffer and Fabiola Gomes)

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