SHUANGHUI AGREES TO ACQUIRE SMITHFIELD FOODS FOR $4.72B

Giant Chinese food deal supports WARL’s Alliance partnering work in China

As Western Australian Resources (WARL) progresses Project Sea Dragon, the company has been in discussions with a range potential strategic alliance partners for product offtake and distribution, marketing and co-financing.  Over the past three months Western Australian Resources (WARL) has met with an extensive list of potential partners in the USA, Japan and China, the three largest global prawn markets, including nearly a dozen Chinese-based food companies to present the project and strategic opportunities for both parties.

The news today that the US$4.72 billion takeover bid of US pork producer Smithfield by China’s Shuanghui International Holdings Ltd indicates that the Chinese food security theme continues to build momentum and a growing investor appetite for companies that are positioned well for meeting the growing food demand out of the Asia region.

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2015-02-13T15:57:59+00:00 31/05/2013|