GFM Network News



Noble Group, whose ag assets include this sugar mill in Brazil, is set to become a fully-owned arm of China’s COFCO. (ThisIsNoble.com)

Noble exits ag markets with unit sale to China’s COFCO

New York | Reuters –– Noble Group said Tuesday it has agreed to sell its remaining 49 per cent stake in its agribusiness to China’s state-owned COFCO International, exiting agricultural markets as the Asian commodity merchant seeks to slash debt and shore up cash. The $750 million cash deal will hand COFCO full ownership of […] Read more