HONG KONG, June 4 (Bernama) -- Smithfield
Foods, Inc. ("Smithfield"), a wholly owned subsidiary of WH Group
Limited ("WH Group") (HKEX:288), today announced the sale of its entire
equity interest in Campofrio to Alfa for $354 million in cash. The sale
represents approximately 37% of the entire issued share capital of
Campofrio.
"This transaction reflects Smithfield's commitment to
continually review our portfolio and generate cash to support our long
term priorities. It is aligned with our strategic initiative to
strengthen our balance sheet and reduce our financing costs," said C. Larry Pope, Smithfield's president and chief executive officer.
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