Skip to content
Subscriber Only

Brazil’s BRF Is Said to Eye $1.5 Billion IPO for Sadia Unit

  • Listing could be Brazil’s largest since BTG Pactual in 2012
  • Company may be valued at about $5 billion in the share sale
Updated on

BRF SA, Brazil’s biggest processed-food maker, is considering selling stock in its Sadia Halal unit in a deal that could value the food products company at about $5 billion, said people familiar with the matter.

BRF is speaking with advisers locally about potentially selling shares in 2017, the people said, asking not to be named as the details aren’t public. An initial public offering of the company, which sells frozen food products to markets including the Middle East, could raise $1.5 billion, though no final decisions have been made on the location or timing of a sale, they said.