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The deal comes one year after CITIC Agri Fund Management was established together with Yuan Longping High-Tech Agriculture and two other listed agricultural companies.
The funding supports FarmLead’s expansion into the US market through the upcoming opening of its US headquarters in Chicago.
The PE community has been closely monitoring major consolidation among large agri groups, including additional pending mergers between DuPont and Dow Chemical, and ChemChina and Syngenta.
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