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World’s Biggest Chicken Exporter Taps Banks for $1.4 Billion Share Sale

  • Company hired 11-bank syndicate for the equity offering
  • Citi, BTG, Itau, Morgan Stanley and Bradesco are among banks
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BRF SA, the world’s biggest chicken exporter, has picked a syndicate of 11 banks to handle a share sale that could raise as much as $1.4 billion, people familiar with the matter said.

The Sao Paulo-based company is working with Citigroup Inc., Banco BTG Pactual SA, Banco Itau BBA, Morgan Stanley, Banco Bradesco BBI, JPMorgan Chase & Co., Credit Suisse Group AG, UBS BB Investment Bank, Banco Santander Brasil SA, Banco Safra SA and Bank of America Corp., the people said, asking not to be identified discussing confidential information.