China's grain trading company COFCO international (CIL), owned by state-owned COFCO Corp, is seeking to expand rapidly overseas via M&A's. It spent £2.24 billion3bn buying Dutch trader Nidera and Noble Agri - a unit of Noble Group, and is hoping to integrate the two by the end of 2017, however it has faced difficulties over the process after taking on losses at Nidera.
China's grain trading company COFCO international (CIL), owned by state-owned COFCO Corp, is seeking to expand rapidly overseas via M&A's. It spent over $3bn buying Dutch trader Nidera and Noble Agri - a unit of Noble Group, and is hoping to integrate the two by the end of 2017, however it has faced difficulties over the process after taking on losses at Nidera.