Brazil's Sadia gets $506 mln loan for capital
Sadia, the Brazilian foodmaker being taken over by rival Perdigao, said on Tuesday it secured a 950 million real ($506 million) loan from its new controlling shareholder to replenish capital.
Proceeds from the loan will be used for Sadia's corporate restructuring efforts, the company said in a regulatory filing.
(Reporting by Guillermo Parra-Bernal, editing by Gerald E. McCormick)
© Copyright Thomson Reuters 2023. All rights reserved.
Join the Discussion
Editor's pick