seeds

Unfold Bio has received an initial $30m in start-up capital from the two founders but future funding rounds could be opened up to external investors.

A portfolio company of the Chinese giant will be tasked with managing Dow’s Brazilian assets, which CITIC’s agri unit just bought for $1.1bn in a bid to “become global.”

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.

Marcello Tumedei, chief executive officer with Suba, said the partnership will merge Gallatin’s “innovative research and development initiatives in peas and beans with Suba’s European large seed vegetable production platform.

Bunge has acquired two of Cargill's processing plants in order to build its presence in Europe's protein value chain.