date:Apr 10, 2014
Brazil's BRF, the world's leading poultry exporter, said on Wednesday that it had raised its stake in Abu Dhabi's Federal Foods with a $27.8 million investment meant to expand its international reach.
BRF purchased 49 percent of Federal Foods in January 2013 for $37.1 million. It did not specify what share of the processed food company it had after the latest deal, which was announced in a filing with Brazil's securities regulator.
BRF started building a processed food plant in Abu Dhabi in 20