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Greenland in Talks to Acquire Australian Food and Wine Companies

Greenland Holding Group Co. is in talks with Australian agricultural companies on possible takeovers and plans to complete its first deal in six months.

The Chinese state-owned company, which already invests A$1.6 billion ($1.4 billion) in Australian real estate, is focused on acquiring food, dairy and wine producers, Chairman Zhang Yuliang told reporters in Sydney today.