Legend expands food business with seafood deal

IT-focused conglomerate aims to diversify its business further by paying $831 million for a majority stake in a South American salmon producer.

Legend Holdings said on Monday that it has acquired a controlling stake in a Chilean seafood company for Rmb5.8 billion ($831 million). It is one of China’s biggest corporate outbound transactions this year as the information technology-heavy conglomerate continues to diversify its business.

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