Top 10 overseas M&As by Chinese companies
Updated: 2014-06-20 07:55 By Sun Chengdong (chinadaily.com.cn)No 1: Shuanghui International Holdings Ltd acquired entire share capital of Smithfield s Inc
Shuanghui International Holdings Ltd, a wholly-owned unit of Shuanghui Group, acquired the entire share capital of Smithfield Foods Inc, a Virginia-based meat producer and meat processer, for $6.97 billion. Smithfield Foods Inc, headquartered in Smithfield, Virginia, runs facilities in 26 states, including the largest slaughterhouse and meat-processing plant in the world. This deal was the biggest M&A transaction by a Chinese company in the US.
Acquirer: Shuanghui Group
Target: Smithfield Foods Inc
Value: $6.97 billion
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Wan Long, right, then Chairman and CEO of Shuanghui International, and Charles Larry Pope, President and CEO of Smithfield Foods, pose with a ham at a press conference in Hong Kong, 皇冠体育app, 10 October 2013. [Photo/IC] |
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