Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  BRF - Brasil Foods SA    BRFS3   BRBRFSACNOR8

BRF - BRASIL FOODS SA (BRFS3)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

BRF : Announcement to the Market - Closing Banvit - 05/25/2017

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/26/2017 | 12:42pm CET

BRF S.A.
A Public Held Company
CNPJ 01.838.723/0001-27
NIRE 42.300.034.240
CVM 16269-2

BRF S.A. ('BRF' or 'Company') (BM&FBovespa: BRFS3; NYSE: BRFS), following the Announcement to the Market published on January 9, 2017, through which the Company announced that its subsidiary entered into a share purchase agreement of Banvit Bandirma Vitaminli Yem Sanayii A.Ş. shares ('Banvit'), hereby informs its shareholders and the market in general that the foregoing conditions set out in the definitive documents have been duly fulfilled. Therefore, on this date, the Company´s subsidiary TBQ Foods GmbH ('TBQ') concluded the acquisition of 79.48% of the shares issued by Banvit ('Transaction'). Banvit is the largest poultry producer in Turkey, with fully integrated operations and owns the most recognized brand in the industry.

The Transaction was made jointly with Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, which holds 40% of TBQ.

TBQ will launch a mandatory tender offer to acquire the remaining shares of Banvit from the minority shareholders, on the same terms and conditions offered to the controlling shareholders.

The Transaction marks the entry of One Foods Holdings Ltd. into the Turkish market, which has the largest poultry halal consumption in the world, and is aligned with its continuous commitment to the Muslim markets.

BRF clarifies that: (i) the Transaction does not trigger withdrawal rights to its shareholders, as per article 256, §2º and article 137, II, of Brazilian Corporate Law and (ii) the Transaction is not subject to Shareholders' approval, since it involves a wholly-owned subsidiary of the Company and is based on economic grounds, as per item 7.3 of Ofício-Circular/CVM/SEP/Nº02/2016.

São Paulo, May 25, 2017.

Pedro de Andrade Faria

Global Chief Executive, Financial and Investor Relations Officer

BRF SA published this content on 25 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2017 10:41:19 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BRF - BRASIL FOODS SA
02/23BRF SA : Sponsored ADR to Host Earnings Call
AC
02/23BRF BRASIL FOODS : Results - BRF‘s Net Revenue reaches R$8.9 billion in 4Q..
PU
02/16BRF BRASIL FOODS : Announcement to the Market - Public Request for Power of Atto..
PU
2017BRF : | RI | Announcement to the Market - Reduction of Material Equity Interest
AQ
2017BRF : Announcement to the Market - Reduction of Material Equity Interest - 12/06..
PU
2017BRF : | RI | Announcement to the Market - Corporate Sustainability Index
AQ
2017BRF : Material Fact - New CEO - 11/22/2017
PU
2017BRF : posts 3Q profit
AQ
2017BRF : Results - BRF‘s net revenue reaches R$8.7 billion in Q3 - 11/09/2017
PU
2017BRF : Announcement to the Market - Change in the Board
AQ
More news
News from SeekingAlpha
02/23BRF SA's (BRFS) CEO Jose Drummond on Q4 2017 Results - Earnings Call Transcri.. 
02/23CONSUMER - TOP GAINERS / LOSERS AS O : 00 pm (2/23/2018) 
02/22BRF S.A. reports Q4 results 
2017PREMARKET LOSERS AS OF 9 : 05 am 
2017BRF taps Drummond as new global chief executive 
Financials ( BRL)
Sales 2018 37 560 M
EBIT 2018 3 007 M
Net income 2018 1 493 M
Debt 2018 12 169 M
Yield 2018 2,35%
P/E ratio 2018 17,43
P/E ratio 2019 14,07
EV / Sales 2018 0,99x
EV / Sales 2019 0,91x
Capitalization 25 170 M
Chart BRF - BRASIL FOODS SA
Duration : Period :
BRF - Brasil Foods SA Technical Analysis Chart | BRFS3 | BRBRFSACNOR8 | 4-Traders
Technical analysis trends BRF - BRASIL FOODS SA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 45,9  BRL
Spread / Average Target 48%
EPS Revisions
Managers
NameTitle
Pedro de Andrade Faria Global Chief Executive Officer
Abilio dos Santos Diniz Chairman
Lorival Nogueira Luz Chief Financial Officer
Manoel Cordeiro Independent Director
José Carlos Reis de Magalhães Neto Director
Sector and Competitors
1st jan.Capitalization (M$)
BRF - BRASIL FOODS SA-15.38%7 784
TYSON FOODS-7.87%27 700
WH GROUP LTD5.74%17 524
HORMEL FOODS-9.32%17 307
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT--.--%14 349
JBS SA4.99%8 430