Caixin OnlineFinance & EconomicsTop Stories Finance Shuanghui Completes Purchase of Smithfield Foods
09.27.2013 13:37

Shuanghui Completes Purchase of Smithfield Foods

Deal for U.S. pork producer done as eight banks led by Bank of China commit US$ 4 billion
By staff reporter Wen Xiu

(Beijing) – Meat processor Shuanghui International Holdings said on September 26 it had completed the acquisition of U.S. pork producer Smithfield Foods.

The deal is worth US$ 7.1 billion, of which US$ 4 billion came from an eight-member consortium led by Bank of China (BOC). It is the most expensive acquisition by a non-state Chinese company overseas and also the largest Chinese investment in the United States.

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