China's COFCO completes two overseas acquisitions

BEIJING -- China's state-owned foodstuffs conglomerate COFCO Corp announced Tuesday the completion of acquisition of controlling stakes in two global agricultural commodities traders.

COFCO said the two investment deals, a 51-percent stake in Netherlands-based grain trader Nidera and a 51-percent stake in the agricultural unit of Hong Kong-headquartered commodities trader Noble Group, have gone through acquisition examinations and completed transaction.