PROJECT

Projects

Summary of Investment Information

Project Number

34738

Company Name

COFCO AGRI LIMITED

Date SPI Disclosed

Jul 30, 2014

Country

World Region

Region

Global

Projected Board Date

Oct 2, 2014

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Sep 25, 2014
Signed : Sep 30, 2014
Invested : Oct 7, 2014

Sector

Grains and Beans

Project Description

Noble Agri is Noble Group’s fully-owned subsidiary in agribusiness, with origination, processing and distribution of grains and oilseeds, sugar and ethanol, and other soft commodities (cotton, cocoa, coffee) trading. It is a global agriculture commodities company operating through 60 offices around the world, including Brazil, China, Argentina, Eastern Europe, India and South Africa.

In April 2014, COFCO Corporation (“COFCO”), the leading agribusiness group in China, through its subsidiary entered into agreement with Noble Group to buy 51% shareholding in Noble Agri through secondary purchase, and create a joint-venture trading platforms to capitalize on potential synergies across the supply chain with COFCO. IFC is invited to co-invest with COFCO, HOPU Fund and other investors into Noble Agri.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation