Brazilian food company BRF, Brazil's largest food company, which sells poultry under the brand Sadia (frozen poultry market leader in Saudi Arabia), is planning to raise USD500mn for its Sadia Halal unit ahead of an initial public offering (IPO). The IPO is expected to take place in 2017 at an estimated value of cUSD5bn. According to sources, the company is currently in talks with investors, including the Saudi Agriculture & Livestock Investment Co. and sovereign wealth funds in Qatar and Abu Dhabi, but is yet to reach a final decision with any of the investors. (Bloomberg)