Kraft and Perdigao deny any acquisition
It has been reported that global food giant Kraft
Foods and one of the largest food companies in Latin America, Perdigao SA, have
both denied a report stating that Kraft is in talks to acquire the Brazilian
In a statement, Kraft said: "We don't typically comment on market rumours,
but since these reports come at the same time as the announcement that Kraft
intends to access the debt capital markets, we can confirm that we are not in
talks to buy Brazilian food maker Perdigao SA."
Rumours began about three days ago, after a local Brazilian newspaper Valor
Economico stated that the two companies were holding "amicable" talks.
Perdigao management, in a statement filed with the Brazilian Securities and
Exchange Commission, denied there had been talks with Kraft. It said it had been
"surprised" by the Valor Economico report and it wasn't aware of talks over any
Perdigao is currently one of the largest food companies in Latin America,
with estimated gross revenues of 7.2 bln Reals (€2.75 bln). Its core business is
refrigerated and frozen products, with production focused on poultry and hog
slaughter, the processing of poultry and hog derivatives.
Kraft sells meat products as well as products containing meat, but is
better known for ready meals and processed foods.
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