State-owned Chinese grain trading company COFCO Corp. (COFCO) announced Aug. 23 that a definitive agreement has been reached for COFCO International Ltd. (COFCO International) to acquire the remaining minority stake in Netherlands-based Nidera Capital B.V. that's currently held by Cygne B.V., bringing COFCO International’s ownership in Nidera to 100%.
The closing of the transaction, which is subject to regulatory approvals, is expected to be completed by year-end.
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