Merger talks - Brazil's Perdigao and Eleva
Perdigao SA, one of the leading Brazilian poultry and
pork producers, and its local rival Eleva Alimentos SA announced yesterday that
they are currently in talks about a potential merger.
In a joint statement to the Brazilian securities regulator, both companies
announced that the "ownership and operational structure will be communicated to
the shareholders and the market as soon as it has been decided
Previously, Perdigao, which is no. 2 in Brazil, went into
negotiations with Sadia, another larger rival, but a deal never took place as
Perdigao preferred to remain independent.
Eleva sells dairy products
along with poultry and pork, which would provide Perdigao with a share of the
Brazilian dairy market.
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