Brazil's JBS, Goodman Fielder, others in frame for PEP's Tegel exit
Pacific Equity Partners New Zealand poultry investee Tegel Foods is expected to see strong interest from Brazilian, Asian and Australian strategic acquirers, potentially driving the sale price tag up as far as NZ$1 billion ($755 million), following the dispatch of the information memorandum on the sale at the end of last week.
Leading Brazilian foods groups JBS, Marfrig Alimentos and Brasil Foods are being cited as potential bidders, along with Australian peer Goodman Fielder. Tegel, which controls some 52% of the NZ poultry...
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