Brazilian meat giant and Saudi investment firm enter into partnership to expand jointly into Australia

São Paulo state-based Minerva Foods accounts for more than 21% of South America´s beef exports and is said to be responsible for approximately 7% of the global beef trade.

 

Latin America News

via The Rio Times - February 15, 2021

 

RIO DE JANEIRO, BRAZIL - The Saudi Agricultural and Livestock Investment Co. (SALIC), a joint stock company owned by the Public Investment Fund, has entered into an agreement with Brazilian meat heavyweight Minerva Foods to acquire assets in Australia and set up a joint venture for the processing and export of beef and lamb produce.

 

“The company believes that Australia uniquely complements our operations in South America, maximizing sales opportunities and operating synergies, reducing risks and contributing to our strategy of consolidation in the animal protein export market,” Minerva Foods said in a statement.

 

In a second agreement, Minerva will supply . . .

 

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