Acquisition Nidera officially approved

Acquisition Nidera officially approved

COFCO International (“COFCO”) announced today that all required regulatory approvals have been received, allowing COFCO International to acquire the remaining minority stake in Nidera Capital B.V. (“Nidera”), currently held by Cygne B.V. The acquisition brings COFCO International’s ownership in Nidera to 100%.

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Patrick Yu on World Economic Forum

Patrick Yu on World Economic Forum

Patrick Yu, Chairman of our Supervisory Board, attended the World Economic Forum in Davos last week. He actively participated in a panel discussion on climate change, together with thought leaders such as the former Vice President of the United States of America Al Gore, the Prime Minister of Bangladesh Sheikh Hasina, the Prime Minister of Norway Erna Solberg, and the Group Chief Executive of HSBC Holdings Stuart Gulliver.

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Nidera reaches first place

Nidera reaches first place

Transparency is an important issue for Nidera. One of the methods we use to obtain transparency is our annual CSR report and CSR is an integral part of our corporate culture which we use to align our overall activities with the principles of sustainable development. Therefore we are pleased to announce that Nidera has reached the first place in the sector “Trading companies” in the Dutch Transparency Benchmark this year. 

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Overstatement balance sheet Brazil

Overstatement balance sheet Brazil

As part of the Nidera Board's plan to improve controls and risk management under the chairmanship and majority ownership of COFCO, the new executive leadership initiated a group-wide balance sheet review. The review recently unveiled an accounting issue in the Brazil balance sheet. 

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