Brazil's MBRF Signs Deal with Saudi Firm to Boost Joint Venture, Eyes Riyadh Listing
Brazilian food producer MBRF has signed an investment deal with Saudi Arabia's Halal Products Development Company (HPDC) to boost their joint venture in the Middle East, which it later plans to list in Riyadh, it said on Monday.
A wholly-owned MBRF subsidiary will contribute assets worth $2.07 billion to the venture, the securities filing added.
HPDC is a subsidiary of Saudi Arabia's sovereign wealth fund, the Public Investment Fund.
MBRF, which was formed from the recent merger of pork...
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