January 10, 2019 / 8:56 PM / 4 months ago

Brazil's BRF sells Argentine subsidiary Campo Austral for $35.5 mln -filing

Meat processing company BRF SA's logo is pictured in its unit in Fortaleza, Brazil January 10, 2019. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Brazilian food processor BRF SA (BRFS3.SA) has concluded the sale of its last plant in Argentina for $35.5 million, the company said in a securities filing on Thursday.

Campo Austral SA, which operates three plants in Argentina, was sold to local rivals Bogs and La Piamontesa de Averaldo Giacosa y Compañia SA for $35.5 million, the company said. BRF has concluded the sale of its three companies in Argentina, including Avex and Quickfood, and said the total amount raised was $145.5 million.

Reporting by Tatiana Bautzer; Editing by Lisa Shumaker

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