Brazil’s Friboi Acquires Argentina’s Swift Armour

Friboi, a leading Brazilian meatpacker, has acquired a majority participation in Swift Armour the largest beef exporter in Argentina.

Sellers included JP Morgan Partners, Greenwich State Capital Partners and Mr. Carlos Oliva Funes, the controlling shareholder and Chief Executive Officer of the Company.  Mr. Oliva Funes will continue as CEO and will retain a minority shareholding position in Swift Armour S.A.


By joining forces, both Friboi and Swift Armour will benefit from the regional integration of the Brazilian and Argentine beef industries.


Rabobank International acted as exclusive financial advisor to Friboi in the transaction, which closed on September 5th. A leading financier to the Latin American food and agribusiness industry, Rabobank is a frequent advisor and agent on specialized financial transactions undertaken by clients in the agri-industrial sector. 


Friboi – www.friboi.com.br

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Expecting Several Loans from Japan’s JBIC

Brazilian institutions and enterprises will sign next Friday, May 27, in Tokyo, with Japanese ...

Trade Between Brazil and Arabs Tops US$ 10 Billion

Trade between Brazil and the Arab countries grew 28.3% last year and reached US$ ...

Brazil Believed to Be Bluffing About Its Nuclear Capacity

Experts in atomic energy are skeptical that Brazil has the cutting-edge nuclear technology as ...

Brazilian Exports to Arabs Grow Surprising 24.5%

Brazilian exports to the Arab countries generated a surprise for the second consecutive month. ...

Can Brazil Get Olympic Medal for Fighting Crime, Child Sex and Police Brutality?

With colorful and scandalous flourishes, in a nation where the bizarre is often normal, ...

Brazil Is No Paradise. The Fantasy Is Over.

It was, is, a political earthquake. Suddenly, on 17 June 2013, more than 150,000 ...

Showcase Town

Finished the trance, the old man stood up and took the grandson in his ...

Worries About Halt on Rate Cuts Lower Brazilian Shares

Brazilian shares moved lower Tuesday, June 20, amid uncertainty over domestic and overseas monetary ...

A Vote to Cost Up to US$ 12 in Brazil

The Brazilian Election Commission (Tribunal Superior Eleitoral) (TSE), in a preliminary estimate, says that ...

US$ 64 Billion in 12 Months. Foreigners Had Never Invested So Much in Brazil

According to figures disclosed by Brazil’s Central Bank, foreign direct investment in Brazil was ...