Brazil’s ‘Egg King’ shells out $1bn to acquire major US producer

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

A Brazilian entrepreneur nicknamed the “Egg King” is expanding into America through a billion-dollar acquisition, at a time when prices have surged as Avian flu ravages the country’s flocks of laying hens.  

Global Eggs, a privately owned holding group controlled by Ricardo Faria, said it agreed to pay $1.1bn for Hillandale Farms, one of the largest US chicken…