Company

Brasil Foods (BRF SA)

Trade risk

Brazil.

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Summary

“In 2009, we entered into a business combination with Sadia, and Sadia became our wholly-owned subsidiary.

In its 2019 20-F Annual report Form, Brasil Foods reported: "In 2019, we won a tender process for a one-time contract to supply up to a maximum of 1,500 metric tons of agricultural commodities to a livestock product and feedstuff company in Iran, which we understand to be affiliated with the Government of Iran.  Sales consisted of 367.027 metric tons of frozen chicken.  This limited business was conducted by a non-U.S. affiliate of the Company. The turnover from these sales was €467,959.48, representing less than 0.006% of our global revenue for the year ended December 31, 2019.  Sales were pursuant to a single contract for the supply of agricultural commodities and are expected to continue pursuant to the terms of that contract until the maximum value of 1,500 metric tons of frozen chicken is reached." (https://www.sec.gov/Archives/edgar/data/1122491/000129281420001419/brfform20f_2019.htm)

The Sadia trademark is registered in more than 90 countries in the Middle East, the Caucasus and Latin America, including Saudi Arabia, United Arab Emirates, Egypt, Bahrain, Yemen, Iran, Iraq, Israel, Lebanon and Oman.” (SEC, 2010 20-F Annual Report Form)  (http://www.sec.gov/Archives/edgar/data/1122491/000129281410001271/brfform20f2009.htm)

In its 2009 20-F Annual Report Form, Brasil Foods reports that its subsidiary Sadia is company registered in Iran:

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