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China's COFCO buys rest of Dutch commodity trader

It will take full ownership of Nidera after deal to buy out remaining 49% 2 years after buying over half the firm


CHINA'S state-owned grain giant COFCO will buy out minority shareholders in Netherlands-based commodity trader Nidera and take full ownership of the company, it said, as it seeks to become an agribusiness powerhouse.

COFCO's deal to buy out the remaining 49 per cent of