date:Feb 28, 2014
ly run company.
The Wall Street Journal said last month that COFCO was in talks to buy a minority stake in Nidera valued at around $250 million, citing a person familiar with the deal. The paper said it was not clear how much COFCO was offering to pay.
China is looking for new sources of food supplies to feed a rising shift in demand for high-protein products fuelled by growing incomes. COFCO's purchase of a Nidera stake would give it direct access to South American soybean, corn and wheat sup