Trouble At Brazilian Poultry Giant
Brazil's largest poultry processing company Sadia SA Brazils saw it's shares fall by almost a third after media reports that it had lost more than $400 million in currency trading after a sudden and unexpected devaluation of the Brazilian real.
The companies chief financial officer was dismissed on Friday, and the company CEO subsequently resigned.
Sadia is also Brazil's second largest meat processor with 12 meat and poultry processing plants in Brazil.
The companies chief financial officer was dismissed on Friday, and the company CEO subsequently resigned.
Sadia is also Brazil's second largest meat processor with 12 meat and poultry processing plants in Brazil.