COFCO buys into leading US pork firm
By Tuo Yannan | China Daily | Updated: 2008-07-02 07:47
A COFCO booth at a food expo in Beijing. Nan Shan |
COFCO Ltd, China's largest national agricultural trading and food processing company, will buy a 4.95 percent stake in Smithfield Foods Inc, the largest pork producer in the US, mainly because it wishes to acquire the technology and management skills of the US company.
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