BRAZIL

Reuters: Pension fund Previ sells stake in Brazil's BRF ahead of Marfrig deal

Brazilian pension fund Previ said this week it sold its minority stake in Brazilian meat processor BRF for 1.9 billion reais ($340.31 million), ending a 31-year investment in the group, according to a statement on its website.

Posted on Jul 16 ,00:15

Reuters: Pension fund Previ sells stake in Brazil's BRF ahead of Marfrig deal

Previ, which represents workers from state-run lender Banco do Brasil, said the move aims to avoid potential negative impacts from the ongoing merger between BRF and Marfrig. The pension fund added it will use the resources to buy long-term local bonds from the Brazilian government.

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