Press release from PR Newswire
Brasil Foods S.A. Acquires Minority Interest of Avex S.A.
Monday, December 31, 2012
Brasil Foods S.A. Acquires Minority Interest of Avex S.A.17:11 EST Monday, December 31, 2012SAO PAULO, Dec. 31, 2012 /PRNewswire/ -- BRF ? Brasil Foods S.A. ("BRF" ? BM&FBovespa: BRFS3; NYSE: BRFS) pursuant to CVM Rule 358, of January 3, 2002 and article 157, paragraph 4, of Law 6.404/76, hereby announces that it acquired 1/3 of the minority interest of Avex S.A., and through the latter, it acquired the remaining interest in the companies Flora Danica S.A., Flora San Luis S.A. and GB Dan S.A. ("Grupo Danica"), all headquartered in Argentina.(Logo: http://photos.prnewswire.com/prnh/20090710/SPF002LOGO )The transaction shall be completed within 90 days, under the terms of the agreement executed between the parties and foresees a US$ 40.5 million investment.This transaction will allow BRF to integrate its business in Argentina, including the operations of Quickfoods (acquired in July), as well as to gain synergies for integrated business.Leopoldo Viriato SaboyaChief Financial and Investor Relations OfficerSOURCE Brasil Foods S.A.For further information: Edina Biava, +011-55-11-2322-5061, firstname.lastname@example.org