Itochu Nets $1.35B For Controlling Stake In China Foods
By Zachary Zagger ( March 3, 2015, 5:50 PM EST) -- Japanese trading house Itochu Corp. said Tuesday it is unloading its controlling interest in China Foods Investment Corp. for 161.9 billion Japanese yen ($1.35 billion) as it prepares to make a $10.4 billion investment with Charoen Pokphand Group Co. Ltd. in Chinese state-owned conglomerate Citic Ltd....
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