Brazilian grain company Fiagril Participações SA has sold a controlling stake to China's Hunan Dakang Pasture Farming Co. Ltd., a unit of Shanghai Pengxin Group Co., according to Reuters. Interestingly, the move came days after Australia's Treasurer Scott Morrison rejected a $370 million bid by Shanghai Pengxin for S. Kidman & Co., Australia’s largest cattle ranch.
Two sources with direct knowledge of the deal told the news outlet that the Chinese firm bought a 57% stake in Fia
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