Cargill is selling its $48.8 million poultry farm and processing plant in Anhui province to DCP Capital, a Beijing-based private equity firm with Singapore s GIC and Temasek as investors, and the Canadian pension fund CDPQ
BEIJING (Reuters) - U.S. agribusiness giant Cargill said it is selling its poultry business in China to private equity firm DCP Capital, exiting a Chinese meat market that has become increasingly challenging, especially for foreign players. | 12:05pm
The Minnesota-based ag and food giant has agreed to sell Cargill Protein China to a private equity firm in Beijing amid broader challenges to the meat industry there.