China's COFCO to pay $1.5 billion for stake in Noble's agribusiness
date:Apr 03, 2014
ng, expected in the third or fourth quarter. The final price will depend on a multiple based on Noble Agri's year-end book value and its debt will be rolled into the joint venture.

A consortium led by China-focused private equity firm Hopu will join COFCO as a minority investor in the acquisition and will hold a third of the investment vehicle making the purchase. Hopu is a private equity fund backed by Singapore state investor Temasek and run by the well known Chinese banker Fang Fenglei, with
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