Australia: Beef company sells stake to Chinese rival
29/10/2015
Australia's fourth largest beef producer has sold a 45% state to China’s Shan Dong Delisi Food Co for $105 million. The gives Bindaree Beef access to a sales network of 700 million and is reported to be a test of the Free Trade Agreement signed by the countries in June. Bindaree’s chief financial offer James Roger said: "With the benefits from...
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