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MercoPress, en Español

Montevideo, December 22nd 2024 - 04:16 UTC

Tag: Cofco Corp

  • Wednesday, March 5th 2014 - 04:52 UTC

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

    Nidera CEO Ton van der Laan said they were looking for a strong partner in China and the rest of Asia to expand.

    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.