Shuanghui Completes Purchase of Smithfield Foods

(Beijing) – Meat processor Shuanghui International Holdings said on September 26 it had completed the acquisition of U.S. pork producer Smithfield Foods.

The deal is worth US$ 7.1 billion, of which US$ 4 billion came from an eight-member consortium led by Bank of China (BOC). It is the most expensive acquisition by a non-state Chinese company overseas and also the largest Chinese investment in the United States.