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COFCO eyes deals for sugar, wine overseas

By Xu Wei | China Daily | Updated: 2013-09-28 07:38

China National Cereals, Oils and Foodstuffs Corp, known as COFCO, will focus its overseas acquisition drive in the wine and sugar sectors to meet growing demand at home, a senior company official has said.

Wan Zaotian, vice-president of the State-owned food-processing giant, said on Thursday that the company will continue to expand through sugar and wine-related overseas mergers and acquisitions.

"These two areas are easier for acquisitions compared with grain-related mergers," he said.

COFCO eyes deals for sugar, wine overseas

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