COFCO
Coca Cola sells bottling assets in China to Swire Pacific
S. Rina | | Nov 20, 2016 06:22 AM EST |
Coca Cola divested its bottling business in China as it sold its assets to Swire Pacific Ltd. for 5.87 billion yuan ($852 million), the Hong Kong conglomerate announced on Friday. Swire will acquire the manufacturing and distribution assets from China Foods Ltd., which is a subsidiary of state-owned food firm COFCO Corp.
China's COFCO Assumes Full Ownership of Nidera
Charissa Echavez | | Aug 24, 2016 02:31 PM EDT |
China's state-backed grain trading firm Cofco Corp. announced on Tuesday that it would acquire the remaining 49 percent stake of Netherlands-based grain trader Nidera NV.
Australian Vintage Partners with COFCO for Wine Push in China
Mia Lindog | | Aug 26, 2014 04:55 AM EDT |
Australian Vintage, maker of the wine brand McGuigan, signed a distribution deal with China's largest food processor, manufacturer and trader, the state-owned COFCO, a development that will make its product available in one of the largest growing wine market.
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