Clifford Chance has advised Chinese state-owned food giant COFCO Corp. on its acquisition of a controlling stake in Dutch grain trader Nidera.
Under the agreement, COFCO will acquire 51 percent of Rotterdam-based Nidera. The financial details of the transaction were not disclosed, but media reports citing sources familiar with the deal have said it values Nidera at $4 billion. The Dutch company has annual revenues of over $17 billion, COFCO said in a press release.
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