Pengxin: After Fiagril purchase, Shanghai Pengxin now eyes Brazilian bank BI&P

Pengxin's search for financial, logistics and commodities firms in Brazil is gaining steam following the $200 million purchase in April of a controlling stake in grain processor Fiagril Participações SA. The Chinese group could spend up to $3 billion in Brazilian targets.The post After Fiagril purchase, Shanghai Pengxin now eyes Brazilian bank BI&P appeared first on DealStreetAsia.