What are the big brokerage firms doing with their own money? One thing they are doing is investing in Chinese food companies.
Goldman Sachs has purchased a 13% stake in China Yurun Food Group, a Chinese meat producer, and a majority 60% interest in Shuanghui Investment and Development, another meat producer.
Deutsche Bank has invested $60 million for a 30% stake in a Shanghai poultry farm.
If you read my Tuesday column in Money & Markets, you know that I too consider the food industry to be a ripe investment opportunity.
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