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Top related persons:
Cargill - 1 Morgan Stanley - 1 Dominique Patton - 1 Christian Schmollinger - 1 Barbara Lewis - 1
Top related locs:
BEIJING China United States Chuzhou Anhui U.S Fujian
Top related orgs:
Cargill - 1 DCP - 1 Cargill Protein China - 1 Wellhope - 1 Fujian Sunner - 1 KKR - 1 Thomson - 1

Search resuls for: "Chuzhou"


2 mentions found


☆ Cargill to sell China poultry unit to private equity firm DCP Capital
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +2 min
BEIJING, May 31 (Reuters) - U.S. agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, it added. The U.S. company started its China poultry operations in 2011, breeding, raising and processing the chickens. China's DCP Capital has invested in several other food and agriculture businesses including one of China's top poultry producers Fujian Sunner Development(002299.SZ), its website says. It also said the private equity firm was focused on Greater China and led by former members of the KKR and Morgan Stanley private equity businesses.
Persons: Cargill, Morgan Stanley, Dominique Patton, Christian Schmollinger, Barbara Lewis Organizations: Cargill, DCP, Cargill Protein China, Wellhope, Fujian Sunner, KKR, Thomson Locations: BEIJING, China, United States, Chuzhou, Anhui, U.S, Fujian
☆ China's Nio to build factory for budget EVs - sources
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Feb 21 (Reuters) - Chinese electric vehicle (EV) maker Nio Inc (9866.HK) plans to build a factory in Chuzhou city in the eastern province of Anhui to produce budget EVs under a new brand, said three people with knowledge of the matter. Neither Nio nor the Chuzhou local government immediately responded to requests for comment. Nio's main brand, Nio, is positioned for the premium car segment to compete with brands such as BMW, Audi and Mercedes-Benz in China and Europe. More than a quarter of the new cars sold in January in China were either pure electric or plug-in hybrids, according to China Passenger Car Association. Reporting by Zhang Yan, Zhuzhu Cui and Brenda Goh; Editing by Christopher Cushing and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
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