Beijing Capital Agribusiness to acquire a 51% stake in PIC China from Genus for $167.5m.

Beijing Capital Agribusiness, a Chinese state-owned enterprise, agreed to acquire a 51% stake in PIC China, a provider of pig genetics and technical services in China, from Genus, a UK-based global animal genetics company, for $167.5m. “Genus has enjoyed a strong and successful partnership with BCA for a number of years. The formalisation of our relationship through accelerating the joint venture is a very positive step towards PIC China achieving regulatory approval for the PRRS resistant pig,” Jorgen Kokke, Genus CEO.