December 19, 2018 / 10:45 AM / in a month

Brazil food producer BRF sells Argentine chicken plant

SAO PAULO, Dec 19 (Reuters) - Brazilian food processor BRF SA has sold Argentine chicken plant Avex SA for $50 million, the company said in a securities filing on Wednesday.

The plant was bought by Granja Tres Arroyos and Fibrel, as part of a restructuring plan to raise some 5 billion reais ($1.28 billion) to help pay BRF’s debts. The company said it has already raised some 1.9 billion reais as part of that plan. ($1 = 3.9123 reais) (Reporting by Marcelo Rochabrun, editing by Louise Heavens)

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