China's CITIC Agri Fund buys Dow corn seed assets for $1.1b

China's CITIC Agri Fund buys Dow corn seed assets for $1.1b

The Dow logo is seen at the entrance to Dow Chemical headquarters in Midland, Michigan May 14, 2015. REUTERS/Rebecca Cook/File Photo

A Chinese fund part-owned by conglomerate CITIC Ltd has paid $1.1 billion for some of Dow Chemical Co’s corn seed business in Brazil, in a further sign of China’s fast-expanding role in the global seed sector.

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