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Possible Partnership Between Sadia and Perdigão

by 5m Editor
17 March 2009, at 10:36am

BRAZIL - Sadia has confirmed that it is in talks with Perdigão over a possible partnership.

Sadia SA, the Brazilian poultry exporter struggling with debt from derivatives losses, is holding talks for a possible partnership with rival, Perdigão SA, according to Bloomberg.

Based in Concordia, Brazil, Sadia has not yet reached any agreement with Perdigão, the company said in a regulatory filing. The talks are part of conversations it has been holding with "many" possible partners, Sadia said.

Perdigão confirmed the on-going talks in a releasae to the market on their website, but said they were at a preliminary stage and no agreement had yet been erached.