New York hedge fund Ospraie Management has teamed up with billionaire financier George Soros to pay $2.8bn (â¬1.54bn) for the commodities trading and merchandising business of US-based ConAgra Foods, in what is thought to be the largest acquisition by a hedge fund.
The acquisition, which completed on Monday, was made by a consortium led by Ospraie Special Opportunities Fund, investor George Soros via what ConAgra described as a "private investor fund", and New York growth asset manager General Atlantic.
