Saudi Arabia’s Halal Products Development Company has announced the financial closing of its strategic acquisition agreement with Brazilian food producer MBRF.
The agreement, which entails the acquisition of Sadia Halal’s poultry business in the Gulf region, Middle East and North Africa, excluding Türkiye, was valued at more than $2.07 billion.
The deal will help drive the development of one of the world’s largest halal food businesses, HPDC said in a statement on Monday.
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