/ Source: The Associated Press
Brazilian regulators have approved a merger that created the nation's largest food company.
The approved merger of Sadia and Perdigao results in a company called Brasil Foods.
As part of the $3.8 billion deal, Brazil Foods must sell off some brands, plants and other assets to promote competition in the processed foods market.
The merger was announced in 2009 when Perdigao took over Sadia, which was facing steep debts linked to the global financial crisis.
Brazil Foods is a global food powerhouse. Last year the company reported $14.4 billion in revenue. It has a work force of around 100,000.
Trading of Brazil Foods' shares was suspended Wednesday because of the regulator's announcement.