COFCO acquires remaining shares
COFCO Corporation (“COFCO”) announced today that a definitive agreement has been reached whereby COFCO International Ltd. (“COFCO International”) will acquire the remaining minority stake in Nidera Capital B.V. (“Nidera”) currently held by Cygne B.V. (“Cygne”), bringing COFCO International’s ownership in Nidera to 100%. The closing of the transaction, which is subject to regulatory approvals, is anticipated to take place in the fourth quarter of this year.
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