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BRFS.N on New York Stock Exchange

21 Oct 2016
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$-0.10 (-0.59%)
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Latest Key Developments (Source: Significant Developments)

BRF to invest $16 mln in food precessing company in Malaysia
Monday, 12 Sep 2016 05:45am EDT 

BRF SA : Announced on Friday a cooperation agreement between its unit BRF Foods GmbH and FFM Berhad, a unit of PPB Group Berhad . BRF Foods GmbH to invest $16.0 million in FFM Further Processing SDN BHD (FFP), a food processing company located in Malaysia .After the transaction BRF Foods GmbH will get a 70 percent stake in FFP, FFM Berhad will hold a remaining 30 percent stake.  Full Article

S&P and Fitch reaffirm rating of BRF on global scale
Tuesday, 17 May 2016 08:56am EDT 

BRF SA : Announced on Monday that S&P and Fitch rating agencies reaffirmed the company's rating at "BBB" on the global scale .Rating attributed by S&P has stable outlook.  Full Article

BRF announces conclusion of Alimentos Calchaqui acquisition
Friday, 13 May 2016 08:50am EDT 

BRF SA : Announced on Thursday the conclusion of the acquisition of the entire stake of Alimentos Calchaqui Productos 7 SA .Acquisition through company's subsidiaries BRF GmbH and BRF Holland BV.  Full Article

BRF SA to buy Argentina's Alimentos Calchaqui
Wednesday, 23 Mar 2016 07:52am EDT 

BRF SA:Says that its units BRF GmbH and BRF Holland BV signed an agreement to buy all of the shares of Argentina's company Alimentos Calchaqui Productos 7 SA.  Full Article

BlackRock Inc increases its stake in BRF SA
Monday, 21 Mar 2016 12:56pm EDT 

BRF SA:Says that BlackRock Inc has reached a 5.01 percent stake in common stock of the company, corresponding to 33.5 million of common shares and 7.3 million of American Depositary Receipts that represent common shares (a total of 40.7 million common shares).Says that BlackRock Inc has also reached a stake of 1.2 million of derivative financial instruments that represent common shares with financial settlement, corresponding to 0.14 percent of the company's common stock.  Full Article

BRF SA approves cession of agribusiness credit receivables rights worth up to 1.35 bln reais
Wednesday, 9 Mar 2016 06:19am EST 

BRF SA:Says that its board of directors approved at extraordinary meeting the cession of agribusiness credit receivables rights with annual value that vary between 500.0 million Brazilian reais and 1.35 billion reais.Says agribusiness credit rights arise from exports contracted with BRF Global GmbH and the cession is in favor of Octante Securitizadora SA.  Full Article

BRF SA announces complementary dividend payment
Friday, 26 Feb 2016 07:26am EST 

BRF SA:Says its board of directors approved at extraordinary meeting a complementary dividend payment of 0.122 Brazilian reais per share.Record date on March 10.Ex-dividend as of March 11.Payment date on April 1.  Full Article

BRF SA concludes acquisition of part of Qatar National Import and Export Co's business
Thursday, 7 Jan 2016 05:53am EST 

BRF SA:Says that it has concluded acquisition of part of Qatar National Import and Export Co's frozen food distribution business.Acquisition through company's unit Federal Foods Qatar LLC.  Full Article

BRF SA workers in Brazil's Mato Grosso threaten strike over pay - Reuters
Monday, 14 Dec 2015 12:34pm EST 

BRF SA:Workers at one of BRF SA's BRFS3.SA largest Brazilian meatpacking plants voted to go on strike within 15 days if the company, the world's biggest poultry exporter, fails to meet wage-increase and other demands. - RTRS.The 4,500 workers at the plant, in Lucas do Rio Verde, in Brazil's central western Mato Grosso state, have asked for a 13 percent salary increase, the national food-workers union confederation, or CNTA, said in a statement on Monday - RTRS.Plant workers are also seeking improvements in safety and health conditions and increases in day care, overtime and meal benefits, CNTA said. BRF has offered a 5 percent pay increase - RTRS.The Sao Paulo-based company is responsible for about 14 percent of the world poultry market. Press officials at BRF did not respond to emails and calls requesting comment. - RTRS.Safety at Brazilian meatpacking plants has become a major concern after a March leak of ammonia gas, used in refrigeration, caused dozens of workers to become ill at a slaughterhouse in Brazil's Paraná state - RTRS."The workers are unsatisfied with talks up to now," said Valdeci Scherer, president of the local union in Lucas do Rio Verde. "We consider slaughterhouse work draining and are asking for what the law guarantees and what is just for the worker." - RTRS.The demands come as BRF, best known for its Sadia and Perdigão brands of chicken, pork and sliced meats, faces recession in its home market but increasing competitiveness abroad - RTRS.  Full Article

Moody's Investor Services upgrades BRF SA's rating, outlook is stable
Thursday, 29 Oct 2015 10:09am EDT 

BRF SA:Says that Moody's Investor Services has upgraded its global corporate rating to "Baa2" from "Baa3", with stable outlook.  Full Article

BRIEF-Nutriplant announces bankruptcy petition filed by suppliers

* Said on Monday that its suppliers Tratho Metal Quimica, Zinc Brasil Fundicao de Metais and Brasoxidos Industria Quimica had filed a bankruptcy petition against the company