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China's Citic completes $1.1 bln acquisition of Dow seeds assets in Brazil
December 1, 2017 / 11:32 AM / 13 days ago

China's Citic completes $1.1 bln acquisition of Dow seeds assets in Brazil

RIBEIRÃO PRETO, Dec 1 (Reuters) - China’s Citic Agri Fund on Friday said it has completed the $1.1 billion acquisition of Dow’s corn seed business in Brazil, rebranding the company as LP Sementes Ltda.

Executives from the fund and from its seeds subsidiary, Yuan LongPing High-tech Agriculture Co, held a news conference in Ribeirão Preto, Sao Paulo state, to discuss their plans. LongPing will run the business. (Reporting by Marcelo Teixeira; editing by Jason Neely)

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