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Cofco of China Taking Control of Nidera to Boost Food Supply

Cofco Corp., China’s largest food company, agreed to buy 51 percent of Dutch grain trader Nidera BV to expand food supplies to the world’s most populous nation.

State-owned Cofco will extend its trade network by tying up with Nidera, which has annual sales of more than $17 billion, the Chinese company said in an e-mailed statement. The closely held Dutch trader has “strong platforms” for procuring grain in Brazil, Argentina and central Europe, the company said.