MORE: COFCO Signs Official Agreement to Acquire Nidera, Co. Says

The purchase of 51% stake in the Dutch trading company is the largest global acquisition in China’s agricultural industry, COFCO says in e-mail. * COFCO didn’t mention the purchase amount in statement * Signing yday was witnessed by China President Xi Jinping, who is visiting the Netherlands: statement * The share purchase helps COFCO extend its production chain to overseas and gives Nidera exposure to COFCO’s domestic logistics, processing and sales network: statement * COFCO’s buying of Nidera comes after China turned into the world’s biggest agricultural importer from a net exporter in less than 10 yrs because of growth and urbanization: statement * Using imports to supplement domestic demand has been accepted by

— With assistance by William Bi

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