China buys majority stake in Nidera as part of its investment in food assets

Wednesday, March 5th 2014 - 04:52 UTC

Full article 5 comments

China's State-owned Chinese food giant Cofco Corp. on Friday announced it was buying a 51% stake in closely held grains trader Nidera NV. By investing in Dutch Nidera, Cofco--China's largest stated-owned grain trader-- would have greater control over pricing as well as better access to major grain-growing regions, such as Latin America and Russia. Read full article

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CabezaDura2
Cofco's next purchase: Monsanto
Mar 05th, 2014 - 12:55 pm - Link - Report abuse 0
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ChrisR
No, Argentina.
Mar 05th, 2014 - 05:15 pm - Link - Report abuse 0
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CabezaDura2
Nobody is going to be interested in investing in Argentina... Whats strategic and worth a lot is the agribusiness and the grain trade
Mar 05th, 2014 - 05:55 pm - Link - Report abuse 0
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Briton
As previously stated, if it moves or of interest, then china will buy it,

It seems they are creeping all over the world slowly buying up , what may give them control over things like food and mineral production ,

Perhaps they will buy into oil and gas next
if they have not already done so.
Mar 05th, 2014 - 08:12 pm - Link - Report abuse 0
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CabezaDura2
4...yep

the fact that these purchases are done by chinese state companies all over the world is telling and very aggressive. One likes to think they have a legitamate concern in feeding and providing their people... Boy it would send shivers if they bought 51% stake of Monsanto, Cargill or Basf
Mar 06th, 2014 - 02:37 am - Link - Report abuse 0
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