China's biggest grain trader has taken its next step to developing a major competitor to the traditional 'Big 4' global agribusiness giants, ADM, Bunge, Cargill and Louis Dreyfus. Through a joint venture with sovereign wealth fund China Investment Corp, COFCO will merge its majority holdings in Dutch trader Nidera and Noble Agri into a new entity, COFCO International Holdings, to be managed by newly hired Noble Agri CEO Matt Jansen.
