El pasado 25 de Marzo, China Organic Agriculture compro 60% de las acciones de Changbai Eco-Beverage uno de los mayores productores y distribuidores por USD10,25 millones. Ambas firmas son chinas.
China Organic Agriculture, Inc., engaged in the acquisition, trading and distribution of agricultural products, has acquired a 60% stake in Changbai Eco-Beverage Co., Ltd., a blueberry product producer and distributor, for CNY70 million ($10.25 million). Both the companies are based in China. China Organic Agriculture has entered into an agreement to acquire a 60% stake in Changbai Eco-Beverage.
Upon completion of this acquisition, Changbai will utilize China Organic Agriculture's countrywide sales network. The transaction is expected to close in March 2010. Deal Rationale The acquisition will enable Changbai to expand its market, thus increasing its brand awareness across China. For full details on (CNOAE) CNOAE. (CNOAE) has Short Term PowerRatings at TradingMarkets. Details on (CNOAE) Short Term PowerRatings is available.