Date
18 October 2017

Shuanghui plans to join bidding for Campofrio, report says

Shuanghui International Holdings Ltd. (000858.CN), China’s largest meat processing firm, is said to be planning to join the bidding for Spanish meat processor Campofrio Food Group S.A., China Economic Net reported Thursday, citing a story carried by Spanish newspaper El Mundo on Wednesday. Mexican frozen food maker Sigma Alimentos has proposed to acquire Campofrio for 695 million euro (US$945.5 million). Now, Shuanghui – which already has some stake in Campofrio through the Chinese firm’s acquisition of US-based Smithfield Foods earlier this year — is mulling a counterbid to the Mexican offer, according to the report.

– Contact HKEJ [email protected]

TL/AC/RC

 

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