date:Feb 28, 2014
COFCO Corp is in advanced talks to buy a stake in Dutch grain trader Nidera, at least two people familiar with the matter said on Thursday, in a move allowing China to take further steps in securing food supplies.
The precise stake and the amount that China's largest state-owned grain trader was looking to pay for Nidera was not immediately clear.
One person with knowledge of the matter told Reuters that state-backed COFCO was willing to pay about $2 billion for majority control of the private