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Brazil’s BRF sells Argentine subsidiary Campo Austral for $35.5 mln -filing

SAO PAULO (Reuters) – Brazilian food processor BRF SA (BRFS3.SA) has concluded the sale of its last plant in Argentina for $35.5 million, the company said in a securities filing on Thursday.

Campo Austral SA, which operates three plants in Argentina, was sold to local rivals Bogs and La Piamontesa de Averaldo Giacosa y Compañia SA for $35.5 million, the company said. BRF has concluded the sale of its three companies in Argentina, including Avex and Quickfood, and said the total amount raised was $145.5 million.