A Chinese company isn’t buying Smithfield. A shell company based in Cayman Islands is. Instead of a story about “China buying up the world”, this turns out to be a story of a precarious leveraged buyout deal by some large global private equity firms looking to borrow their way to a fortune.
Au Guatemala, le marché de l'huile de palme est détenu par cinq familles. Et l'un de ces geants guatélmaltèques, Palma del Ixcán, est une filiale de la comagnie texane Green Earth Fuels, controlée par les fonds d'investissement Goldman Sachs et Carlyle
News that the Russian government is working with Goldman Sachs to set up a $10 billion private equity fund, part of which will be allocated to agribusiness, underscores that Russian agriculture is again on investors’ minds.
Unfortunately, the US Senate inquiry into Goldman Sach's alleged malfeasance is unlikely to question why the company in 2008 decided to acquire ten intensive poultry farms in China's Hunan and Fujian provinces for $300 million.
Commodity experts such as Goldman Sachs's Currie believe that land-grabbing is a good thing. He argues it will lead to more investment in agriculture. But others worry that the phenomenon will see farmers thrown off their land as more powerful forces move in.