US meat giant Smithfield set for new Chinese owner Archives - Just Food
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US meat giant Smithfield set for new Chinese owner

In the spotlight: Hurdles ahead for Shuanghui Smithfield takeover

In the spotlight: Hurdles ahead for Shuanghui Smithfield takeover

The surprise news that the board of US pork group Smithfield Foods has unanimously backed a takeover bid from Chinese group Shuanghui International highlights the ever-increasing importance of China on the global stage - both as a market for products and as an outward investor actively participating in M&A. However, with regulatory and political hurdles ahead, the transaction is far from a done deal. Katy Askew reports.