J&F Analyzing Purchase of Rede Energia, Chairman Meirelles Says

J&F Participacoes SA, owner of the world’s biggest beef producer, is looking into buying the energy distributor Rede Energia (REDE4) SA, according to J&F Chairman Henrique Meirelles.

“We are analyzing it,” Meirelles, Brazil’s former central bank president, said in an interview in New York today. “We have a team of analysts reviewing this possibility.”

Brazil’s state development bank, known as BNDES, doesn’t oppose the plan, Meirelles said. J&F doesn’t have a timeline for making a decision regarding Rede Energia, he said.

To contact the reporter on this story: Drew Benson in New York at abenson9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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