China’s Greenland Group signs meat distribution deal with Brazil’s Minerva

China's Greenland Group has agreed to expand the presence of Brazilian meat-packer Minerva in China through a joint venture with registered capital of 500 million yuan ($74.83 million), according to a statement from Greenland on 2 November.
calendar icon 4 November 2020
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Greenland, with operations mainly in the real estate market, predicts that total meat imports in the next two years could exceed 4 billion yuan ($598.62 million) following the deal with Minerva.

In the next five years, the agreement may create China's largest meat import distribution business, with trade exceeding 10 billion yuan, Greenland said.

($1 = 6.6820 Chinese yuan renminbi)

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