China-United States pork processor invests in Chinese meat industry.

UNITED STATES.

SMITHFIELD GROUP.

One of the last good deals done by the Lehman Brothers investment bank, was In July, when the secured $122 million for Smithfield Foods, for seven million shares sold in China.

The deal was with Chinese government owned COFCO Group, who are very large players in the pork and poultry processing of China, who purchased a stake in Smithfield.

China consumes more pork, than the rest of the world put together three companies have a large presence on the domestic market.