Brazil's BRF sees savings of up to $180 mln from Banvit deal
SAO PAULO, Jan 10 (Reuters) - Brazilian food processor BRF SA sees cost savings and other efficiencies from its investment in a Turkish poultry producer reaching up to $180 million, Chief Executive Pedro Faria said on a Tuesday conference call.
Faria said the investment in Banvit Bandirma Vitaminli Yem Sanayii AS, announced on Monday, will give BRF's OneFoods halal unit a roughly 40 percent share of the Middle East market.
(Reporting by Ana Mano; Editing by Dominic Evans)