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China commodities trader COFCO shakes up European operations: sources

Reuters  |  LONDON/PARIS 

By Jonathan Saul and Gus TrompizLONDON/PARIS (Reuters) - Chinese food commodities trader COFCO International is restructuring operations in Europe which will involve relocation and job cuts, as the state owned firm continues to integrate businesses it bought three years ago, sources say.COFCO group, which owns trading arm COFCO International, agreed in 2014 to acquire Rotterdam-headquartered grain trader Nidera and the agribusiness of Singapore-listed Noble Group for more than $3 billion, but has struggled to integrate them.The overall aim of the integrated COFCO International is to directly ...

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First Published: Fri, August 11 2017. 20:12 IST