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Nidera Says Integration With Cofco, Noble Agri Put on Hold

  • Shareholders reached agreement on the integration in November
  • Cofco's takeover of Noble Agri doesn't affect Nidera: Ooms
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Cofco Corp., China’s largest food company, Noble Agri Ltd. and Rotterdam-based Nidera BV suspended plans to create a global commodities-trading company by integrating operations, according to the Dutch firm.

Cofco, Nidera and Cygne, the minority shareholder of the Dutch grain trader, had reached an agreement on the plans in November, Bert Ooms, a spokesman for Nidera, said in an e-mailed statement Wednesday. The three companies had been planning to form a single trading company after Cofco acquired 51 percent of Nidera and Noble Agri last year.