COFCO ac­quires 51% of Dutch grain trader

China Daily (Canada) - - NEWSCAPSULE -

COFCO — China Na­tional Ce­re­als, Oils and Food­stuffs Corp and the coun­try’s largest food trader — has agreed to pur­chase 51 per­cent of Rot­ter­dambased grain trader Nidera BV to fur­ther ex­pand China’s grain sup­ply chan­nel in South Amer­ica.

Nidera, with an an­nual turnover of more than $17 bil­lion, is a ma­jor player in South Amer­ica’s agribusi­ness and crop tech­nol­ogy sec­tors. It has built a global pres­ence in more than 20 coun­tries, in­clud­ing Brazil, Ar­gentina, Uruguay, the United King­dom and Italy. It em­ploys 3,800 people glob­ally in agri­cul­tural, commercial and in­dus­trial op­er­a­tions.

The trans­ac­tion will pro­vide Nidera with great po­ten­tial for growth in the China mar­ket and also strengthen COFCO’s po­si­tion as a key player in the global agri­cul­tural in­dus­try. (Photo 4)

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