North China’s Yili Industrial Group Co Ltd said it plans to acquire a stake of no more than 51 percent in Pakistani dairy maker Fauji Foods Ltd, according to a statement released on Tuesday [31 July 2018]. The Inner Mongolia autonomous region-based dairy group has handed in a letter of investment intention to acquire Fauji
Chinese winery Yantai Changyu Wine Co bought an 80 percent stake in the Clare Valley’s award-winning Kilikanoon Estate in Australia for AUD $20.6 million ($16.4 million). The deal was signed at a ceremony held in Adelaide, Australia, Jan 18…Full Article: China Daily Jan 2018 Key Point To date, this is Changyu Pioneer Wine’s (SHE:000869) fifth
Ningbo Lehui International Engineering Equipment Co plans to take over German dairy packaging equipment manufacturer NSM Packtec GmbH, according to media reports on Wednesday [13 December 2017]. Lehui will pay 4 million euros ($4.73 million) to acquire the company from NSM Magnettechnik GmbH, domestic news website sohu.com reported…Full Article: The Global Times Dec 2017 Key
Citic Agri Fund has completed its $1.1 billion acquisition of some of Dow Chemical Co.’s Brazil agriculture assets, a move that has netted the company a significant chunk of the country’s huge agricultural sector…Full Article: Caixin Dec 2017 Key Point As a result of the acquisition, Citic Agri Fund now owns four Dow AgroSciences’ corn
Chinese group WH Group the owner of Smithfield Foods announced the acquisition of two Romanian meat processing companies, Elit and Vericom. WH Group Ltd is the world’s largest pig breeding and processing company, in a strong expansion of its operations on the European market…Full Article: Govnet.ro Sept 2017 Key Points In Romania, Smithfield Ferme manages
Hong Kong businessman Hui Wing Mau has purchased the majority stake in Australian meat processing company Bindaree Beef Group, the company said Friday [1 September 2017]. Although the exact figure has not been disclosed, it is believed the 51 percent share of the business cost somewhere between 100 and 150 million Australian dollars (79-120 million
Hainan State Farms Investment Holding Group Co Ltd, owner of China’s largest natural rubber plantation base, is accelerating its pace of globalization through international acquisitions, according to Li Dongming, a senior official with the company. “We will focus our efforts in seeking partners in especially the Southeast Asian countries,” he said while was responding to
The year-long auction of McDonald’s business in China has finally come to an end as state-owned enterprise Citic Ltd. announced the purchase was officially completed on July 31st. The purchase marks the US food giant’s largest franchise business overseas, with its 2,700 stores being run by the purchasers…Full Article: ECNS.cn Aug 2017 Key Point The
The European Union (EU) regulators approved the creation of a joint venture between China National Chemical Corporation (ChemChina) and Japan-based Asahi Kasei Corporation (AKC) on Wednesday [2 August 2017], saying the case raised no competition concerns. The joint venture has no actual or foreseen activities in the European Economic Area as it is designed to
Fosun International, the Chinese insurance-to-tourism conglomerate, and Beijing Sanyuan Foods are close to a joint deal to buy French margarine and health food maker St Hubert from Montagu Private Equity, according to a joint statement from the two Chinese firms…Full Article: South China Morning Post July 2017 Key Points The Chinese acquisition of St Hubert,