Kraft denies report it bid for Brazilian meat company
December 05, 2007
by FoodBusinessNews.net Staff
NORTHFIELD, ILL. — Kraft Foods Inc. on Wednesday denied a report published in Brazilian newspaper Valor Economico indicating the Northfield-based food maker was in talks to acquire Perdigao, a Brazilian poultry and pork producer.
"We don’t typically comment on market rumors, but since these reports come at the same time as the announcement that Kraft intends to access the debt capital markets, we can confirm that we are not in talks to buy Brazilian food maker Perdigao S.A.," Kraft said.