Region:
World
Category:
Economy

China bought 51% of the multinational cereal plant NIDERA

NIDERA is 94 years old and in Argentina dedicated to the production of oilseeds, grains, oils and meals. The latest tally showed a total turnover worldwide of $ 17 billion, of which 2000 belong to Argentina

The Chinese company COFCO CORP bought 51% of the Dutch NIDERA. This commercial operation has broad impact in countries like Argentina, where NIDERA is a leading agribusiness companies.

COFCO is a public company and provides services and food in China. It is considered one of the 400 largest companies in the world and has 100,000 employees.

For NIDERA, is 94 years old and in Argentina dedicated to the production of oilseeds, grains, oils and meals. The latest tally showed a total turnover worldwide of $ 17 billion, of which 2000 belong to Argentina.

The Chinese company was left with 51% of the company and the acquisition will be officially announced in the coming days.

Currently China is one of the leading importers of oilseeds such as soybeans and this acquisition will in that sense, as the Chinese state will be the primary operator of the company that will produce the product and then export to the Asian giant.

Talks between NIDERA and COFCO began in 2013 when the Dutch company said it needed a capital injection of $ 250 million.

The NIDERA firm was named after the first letter of each country began operating Netherlands, India, Deustchland, England, Russia and Argentina.

traducción: Belén Zapata