Finance / United States
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Smithfield Dishes Up A Pork Stake
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The US's largest pork producer, Smithfield Foods, has made a significant step in its efforts to expand outside the US. On June 30 it announced that state-owned COFCO Limited, China's largest national agriculture trading and processing company, will acquire a 4.95% stake in the company, granting Smithfield access to the enormous Chinese market.