Tyson bidding for BRF’s Thai, Europe assets

Tyson Foods Inc is among five firms still in the running for Asian and European chicken plants owned by BRF SA.

The sale process is part of BRF’s $790 million divestment plan to ease its debt burden. It received non-binding offers from eight companies, five of which were chosen to remain in the process, CEO Pedro Parente said in early November.

In August, the list of interested companies was said to include Thailand’s Charoen Pokphand Foods, China’s Cofco and JBS SA.

Tyson has recently spent more than $7.2 billion in takeovers, including an August agreement to buy chicken-nugget maker Keystone Foods LLC, which has operations in the US and Asia, from Brazil’s Marfrig Global Foods SA.