RPT-UPDATE 4-China's COFCO to pay $1.5 bln for stake in Noble's agribusiness
April 02, 2014 at 22:59 PM EDT
SINGAPORE/HONG KONG, April 2 (Reuters) - COFCO Corp has agreed to pay $1.5 billion for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest grain trader seeks to strengthen its market position worldwide.