#China’s #Cofco cements agribusiness ambitions with $1.5bn #Noble deal #AgriBusiness @FT

Under the deal, Cofco – or China National Cereals, Oil and Foodstuffs Corp – will take a 51 per cent stake in Noble Agri from Noble Group in an all-cash transaction. The deal values Noble Agri’s equity at 1.15 times 2014 book value.



Read the article online here:  China’s Cofco cements agribusiness ambitions with $1.5bn Noble deal - FT.com