Brasil Foods SA, the world’s biggest poultry exporter, will have to sell “a good part” of its assets to beef producer Marfrig Alimentos SA, Veja reported in its Radar column, without saying where it obtained the information.
Banco BTG Pactual SA has been hired to arrange the sale of the assets, the Sao Paulo-based magazine reported.
Brasil Foods won conditional approval for its $3.8 billion takeover of Sadia SA from Brazil’s antitrust regulator, known as Cade, on July 13. Cade ordered the Sao Paulo-based company to sell some assets as a condition of the approval.
Public relations officials at Banco BTG, Brasil Foods and Marfrig Alimentos didn’t immediately respond to requests for comment.