China's COFCO in talks to buy Noble's agribusiness arm - sources
- Reuters
- 04 Mar 2014
China's biggest grains trader COFCO Corp is in talks to buy Noble Group Ltd's agribusiness arm in a deal that would value the division at around $1 billion.
China's biggest grains trader COFCO Corp is in talks to buy Noble Group Ltd's agribusiness arm in a deal that would value the division at around $1 billion.
Wilmar International has taken a majority stake in a palm plantation venture in Indonesia’s Papua owned by Noble Group, giving the world’s biggest palm oil supplier a toehold in the province where it also hopes to grow sugar cane.
Les groupes Louis Dreyfus, Mimran, Nobel, Cevital, Sifca et Olam sont tous intéressés par la production de riz en Côte d’Ivoire.
Indigenous Papuans are reeling from the cut-price sale of the land and forests that are their lifeblood
At least 100 farmers joined a protest in front of the Department of Agriculture in Quezon City led by the members of the Asian Peasant Coalition (APC) in the Philippines such as the Kilusang Magbubukid ng Pilipinas (KMP), AMIHAN (National Federation of Peasant Women), UMA (Union of Agricultural Workers), and the PAMALAKAYA (National Federation of Small Fisherfolks of the Philippines). Also present is the Anakpawis partylist and the National Network of Agrarian Reform Advocates (NNARA)-Youth.
The global boom in commodities has raised the profile of three Asian agribusinesses: Olam, Wilmar and Noble, all with important farmland holdings.
The Company intends to develop approximately 32,500 ha of land for palm oil production in Sorong Regency, West Papua Province, Indonesia.
Noble Group Ltd., the commodity supplier backed by China Investment Corp., wants to buy and build coal mines, ports and plantations to benefit from rising Asian demand, Chief Executive Officer Ricardo Leiman said.
China's sovereign wealth fund, China Investment Corp, has bought a 14.5 per cent stake in grain trading and production firm Noble Group for US$850 million.
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