Giants love chicken: Saudi Arabia’s sovereign wealth fund is buying a stake in Europe’s largest broiler producer

Saudi Agriculture and Livestock Investment Company (SALIC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF), announced today that it has acquired a 12.6% stake in MHP SE, a Ukrainian food and agri-tech company listed on the London Stock Exchange.

SALIC also holds an 11.03% stake in Brazilian food company BRF. BRF is not only the third largest broiler producer in the world and the second largest broiler producer in South America, slaughtering 1.67 billion broilers last year, but also the 13th largest feed producer in the world, with an annual output of nearly 9.6 million tons. In addition, BRF is an important player in pork production.

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Post time: Oct-14-2024
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