China intends to acquire a stake in the Nidera Trading Company
2014-01-23 10:33:43
Cofco, China’s largest state-owned grain-trading company has made a bid to buy a minority stake in the grain trader Nidera, The Wall Street Journal reports. So, China continues ensuring guaranteed volumes of food commodities in view of further urbanization and population growth. The deal is valued at USD 250 Ml. China’s Cofco already owns a stake in Australia’s sugar producer Tully Sugar and vineyards in Chile and France.