Reuters: Exclusive: China’s WH Group targets beef and poultry assets in U.S. and Europe
Posted in Daily
By Tom Polansek and Julie Zhu | CHICAGO/HONG KONG Smithfield Foods Inc’s owner, China-based WH Group Ltd (0288.HK), is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA. Expanding into beef and poultry would bring…