Cofco, the Chinese food group, has put its Latin American seeds business up for sale as it looks to integrate the agricultural trading operations of Nidera and Noble Group that it has acquired over the past few years.
The Chinese state-owned company has hired Morgan Stanley to advise on the sale of the seeds unit.
Cofco already hived off its sorghum seeds portfolio from the seeds unit in May, selling the operations to Chromatin, a US sorghum seed group.
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