PE consortium to build hog farms with China’s COFCO Meat
KKR, Baring Private Equity Asia, Hopu Investments and Boyu Capital will invest in COFCO Meat, a subsidiary of Chinese agricultural conglomerate COFCO Group, to develop hog farms and meat processing plants.
The private equity consortium is said to be investing about $270 million for a 70% stake in COFCO Meat, with KKR accounting for the largest individual contribution at $150 million. The deal represents...
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