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Home › China's Smithfield Foods sells stake in Campofrio Food Group

 

China's Smithfield Foods sells stake in Campofrio Food Group

2015-06-04 07:34:41| Food - Topix.net

Smithfield Foods products are on display during WH Group's IPO in Hong Kong as the unit of the Chinese company sold its stake in Campofrio. Photo: Reuters Smithfield Foods has sold its entire 37 per cent stake in Campofrio Food Group for US$354 million in cash to Alfa, a Mexican conglomerate whose businesses include food, IT and automotive engine parts, the parent company of Smithfield said in a statement on Thursday.

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