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January 16, 2013
15:42 EDTBRFSBRF Brasil Foods says acquired 49% stake in Federal Foods for $37.1M
BRF Brasil Foods S.A. previously announced it had signed a binding offer to acquire, through its subsidiary in Austria, a 49% share equity stake of Federal Foods, a privately-held company headquartered in the United Arab Emirates. BRF announced the conclusion of this business at a final amount of $37.1M. BRF said it will have powers of decision in accordance with its shareholders' agreement and will consolidate the financial statements of Federal Foods.
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