China 's grain trading company COFCO international ( CIL ) , owned by state - owned grain Corp , is expected 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 expected to integrate the two by the end of 2017 , however it has faced difficulties over the process after falling 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.