Chinese Grain Trading Firm Cofco Buys Out Nidera

Aug 23, 2016 at 08:41 PM CST + 1
http://www.wsj.com/articles/chinese-grain-trading-firm-cofco-buys-out-nidera-1471952752 China’s state-owned grain trading company Cofco Corp. said Tuesday it would take full ownership of Netherlands-based grain trader Nidera NV. Cofco said it reached a “definitive agreement” to buy the 49% it didn’t already own from Cygne BV, a company controlled by the family that founded Nidera. The deal is expected to be completed in the fourth quarter, subject to regulatory approvals, Cofco said.

Aug 23, 2016 at 08:41 PM CST

+ 1

http://www.wsj.com/articles/chinese-grain-trading-firm-cofco-buys-out-nidera-1471952752

China’s state-owned grain trading company Cofco Corp. said Tuesday it would take full ownership of Netherlands-based grain trader Nidera NV.

Cofco said it reached a “definitive agreement” to buy the 49% it didn’t already own from Cygne BV, a company controlled by the family that founded Nidera. The deal is expected to be completed in the fourth quarter, subject to regulatory approvals, Cofco said.