Qatar Investment Authority’s wholly-owned subsidiary Hassad Food is looking at options to purchase Brazilian sugar and poultry assets, in a bid to venture into North American market.
Reuters reported citing Hassad Food business development vice president Youssef Hegazy saying that the discussions between the firms are still in early stages.
"We have a lot of stuff in our pipeline and Brazil is definitely part of that, not only sugar but also poultry."
However, Hegazy did not dicslose the names of the assets that the company is looking to purchase.
Meanwhile, the company is also planning to invest in integrated agricultural assets, the news agency said.
The company, which is said to have invested significantly in production, plans to make a move into another layer of the chain.
Recently, the company acquired a significant minority equity interest in A'Saffa Foods, the largest integrated poultry project in the Sultanate of Oman.