Han Swine Company has spent US$15 million to acquire a 40.69 percent stake in well-known French international pig breeding business Choice Genetics SAS (CG). Founded as CG China, the transaction is intended to speed up the development of the domestic pig farming industry by introducing advanced swine breeding techniques.
Representatives of the company note the acquisition is progressing smoothly and they are busy working with their French counterparts to promote CG China.
"This is the first acquisition of its kind in pig breeding,” noted a representative from Han Swine Company. Through cross border mergers and acquisitions, Han Swine Company plans to acquire core technology and quickly gain competitive advantage to become a leader in the pig breeding industry in the country and worldwide.
France’s CG has the world's second most species of animal genetics after Ke Limo Group, according to a report provided by Smart Agriculture Analytics.