3/15/2021
PARIS, March 15 (Reuters) - Chinese food group COFCO Corp
has hired banks to advise on a plan to merge trading arm COFCO
International with some domestic businesses before a listing of
shares in the new entity, Bloomberg reported on Monday, citing
sources.
State-owned COFCO has previously said it aims to list its
international trading division, after the acquisition of
Dutch-based Nidera and the agribusiness of Noble Group from 2014
turned it into a global agricultural commodity merchant.
Bloomberg said COFCO has hired banks to advise on a possible
merger of COFCO International with domestic trading and
processing assets ahead of an initial public offering.
By Reuters Staff
2 Min Read
PARIS (Reuters) - Chinese food group COFCO Corp has hired banks to advise on a plan to merge trading arm COFCO International with some domestic businesses before a listing of shares in the new entity, Bloomberg reported on Monday, citing sources.
State-owned COFCO has previously said it aims to list its international trading division, after the acquisition of Dutch-based Nidera and the agribusiness of Noble Group from 2014 turned it into a global agricultural commodity merchant.
Bloomberg said COFCO has hired banks to advise on a possible merger of COFCO International with domestic trading and processing assets ahead of an initial public offering.