Cofco ranks among the leading grain merchants in the world

Cofco Group Co., Ltd. recently announced that its participation in the two mergers and acquisitions led by the global M & A review, and successfully completed the settlement. The two mergers and acquisitions are the acquisition of a 51 per cent stake in Niedra, a Dutch agricultural and commodities trading group, and the acquisition of a 51 per cent stake in Noble Agriculture Co., Ltd., a global supply chain management company for agricultural products, energy products and metal minerals in Hong Kong.

It is reported that Cofco joined hands with Hopu Investment, the International Finance Corporation, member institutions of the World Bank, Temasek, Standard Chartered Private Equity Investment and other financial investors to make joint investments. The investment ratio between Cofco and the latter is 60:40. By Cofco Holdings.

Ning Gaoning, chairman of Cofco, said that one of the important reasons for the cooperation was the strong complementarity between Nidra, Noble Agriculture and the whole industry chain of grain, oil and food of Cofco. Nedra is a world-renowned agricultural products and commodities trading group, engaged in grain distribution and international trade in 18 countries and regions in the world, and has an advantage in the core technology of grain source control and seed business in South America. Noble Agriculture is the agricultural business platform of Noble Group, which is mainly engaged in agricultural trade and processing business, and has the advantages of logistics asset layout and sugar industry chain in key regions.

Through mergers and acquisitions, Cofco has also become one of the world's leading grain manufacturers. After the completion of the merger and acquisition, Cofco has assets of more than US $57 billion, revenue of US $63.3 billion, warehousing capacity of 15 million tons, annual processing capacity of 84 million tons, annual port transit capacity of 44 million tons, and annual operating capacity of 150 million tons. At the same time, Cofco also has a global production and procurement platform and trade network, including planting, procurement, warehousing, logistics and ports, and its overseas business income will exceed that of domestic business, realizing the global layout of the industrial chain.