date:Apr 03, 2014
ranks of its middle class demand more meat in their diet.
COFCO bought a 51-percent stake in Dutch trader Nidera late in February to gain direct access to South American grain and oilseed supplies in a deal that valued Nidera at $4 billion including debt.
The Noble and Nidera deals mark the biggest overseas acquisitions in China's grain sector, with a combined $2.8 billion investment, COFCO said in a statement.
The company will own high-quality assets in the world's top grain and vegetable oi