July 2, 2009
Brazil Perdigao takeover of Sadia approved by EU-filing
Brazilian food processor Perdigao said on Wednesday (July 1) its takeover of rival Sadia has been approved by European Commission regulators.
Perdigao said in a regulatory filing that approval of the transaction by Brazilian competition authorities is still pending.
The combined company, called Brasil Foods, would be the largest private sector employer in Brazil, with more than 116,000 workers, and would control almost a quarter of the global poultry market.