ReutersReuters

SALIC changes structure of investment in Brazil's BRF

RefinitivLess than 1 min read

BRF SA BRFS3:

  • SALIC HAS SOLD SHARES REPRESENTING AN 11.03% STAKE IN THE COMPANY

  • SALIC ENTERED INTO DERIVATIVE INSTRUMENT AMOUNTING TO A 'LONG' POSITION OF 11.03% OF BRF'S CAPITAL

  • SALIC TOLD BRF THE MOVE ENSURES 'GOVERNANCE NEUTRALITY'

  • SALIC TOLD BRF THE MOVE 'REFLECTS A CHANGE IN ITS INVESTMENT STRUCTURE RATHER THAN STRATEGY'

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