agricultural mega-corporation con agra brands is becoming even larger as they are set to buy new jersey based frozen food vendor pinnacle foods for a reported eight point two billion dollars in cash and stock and agreement on debt restructuring will raise the total value of the deal for pinnacle to nearly eleven billion dollars pentacles ownership a bird's eye brand of frozen foods made it an attractive target for con agra which previously acquired the healthy choice brand frozen dinners pinnacle also on the less trendy swanson and hungry man frozen meal brands which some of our older strike that more experienced viewers may recall con agra has been spitting up some of the faded old school frozen brands that they have already acquired such as banquet and marie calendar's kind agra c.e.o. jeff connelly has led the shift motivated by the recent stand up performance of frozen among packaged food product offerings. and catching up with crypto currency is facebook has reversed their ban on. advertisements for crypto currencies but the social media site says that they will claim their preroga

the activists say agra fat has acquired the most important newspapers in the country turning them into propaganda instruments. the senior editors have all left the papers and are now working independently. on the. interests in health agriculture and community and first two businesses are very much dependent on the state and the legislation of the state many see an indisputable conflict of interests between his business activities and his role in politics business consultant otto brown knows the mood among czech business leaders how does he see things developing. the government will continue to align itself with the e.u. and the west and there's no danger of the czechs it either. so it's likely the czech republic will stay loyal to the e.u. but it won't adopt the euro as a currency the economy is growing wages are on the rise there seems little reason for andrei bobbish to change track. that's it europe's day with mates from the world of business thanks for your company and have a great we can't. let . go a moment. you accidentally shattered some trade. in the trophy. time in the field.

with its two hundred seventy employees belongs to and grow fat a business success story for bobbish agra fat has a yearly turnover of one point five billion euros the company's interests extend far beyond bread but it keeps its cards close to its chest only reluctantly giving a statement on the prime minister's involvement. hasn't been responsible for average fat since january two thousand and fourteen when he joined the government as finance minister why now that he's heading up the government he's no longer with agro fat his share in the company has been transferred into a trust fund in other words mr bobbitt has no part in agra fat sedately business. directly opposite the company headquarters the main office of the political party founded by bobbish is now the biggest political force in the czech parliament andrey bobbish is estimated to be worth around three billion euros was many czech people are concerned that so much wealth and political power concentrated in just a few hands in early june thousands of people took to the streets to protest against what they call an oligarchy. the

it took almost two years but it's finally done with its purchase of months by a becomes the largest agra chemical company in the world. it holds just over thirty percent of the global market that's ahead of the chinese swiss firm came china syngenta which has just over twenty eight percent then it's the u.s. business dow dupont with seventeen and a half percent b.s.f. controls about thirteen and a half percent of the global market you know other words just five corporate entities will determine the direction of global agriculture and the nutrition of humanity while the world's population grows ten billion people by twenty fifty according to current estimates because farmland isn't increasing it's up to these five firms to figure out how to coax more out of the ground that's already under the plow. only by itself and as a correspondent is in frankfurt what are the prospects for the new company. that's a major challenges ahead financing doesn't seem to be one of them up when you talk to observers i say it's a solidly finance company and there is a challenge though in degrading the company

the activists say agra fat has acquired the most important newspapers in the country turning them into propaganda instruments. the senior editors have all left the papers and they're now working independently. and they publishers are interests in health agriculture and community and first two businesses are very much dependent on the state and the legislation of the state many see an indisputable conflict of interests between business activities and his role in politics business consultant otto brown knows the mood among czech business leaders. time now to check up on world cup action everyone was really focusing on this evening we were watching a short while ago it was fortune go first to spain and it was a nail biter oh it was more than a nail biter it was everything so much happened in this game is the best world cup game of football i've seen in a really long time it all got started very quickly as well christian although was fouled in the box kind of a light challenge but for its look at the tape he stepped up to the penalty spot put portugal and france three and a half minutes in

it took almost two years but it's finally done with its purchase of months by a becomes the largest agra chemical company in the world. it holds just over thirty percent of the global market that's ahead of the chinese swiss firm came china syngenta which has just over twenty eight percent. its the u.s. business with seventeen and a half percent. controls about thirteen and a half percent of the global market you know other words just five corporate entities will determine the direction of global agriculture and the nutrition of humanity this while the world's population grows ten billion people by twenty fifty according to current estimates because farmland isn't increasing it's up to these five firms to figure out how to coax more out of the ground that's already under the plough. corruption costs the nigerian economy tens of millions of dollars every year the president is now trying to recover some of the money that has illegally flowed out of the country with reasonable success but critics say the government is not disclosing enough details of what has been recuperated sparking fears

it invested around nine million euros in the company agra vision in zambia. one of its farms is located in central salmiya and is one of the biggest in the country the fund prospectus advertises that are to raises local incomes and therefore food security. the money was used to set up a large soy plantation. but here too the land was not empty some farmers were relocated. the majority of the land was forest it is being cut down. on my right hand side behind it you can see some of the natural natural bush forest that was so these particular fields were cleared from that bush. and to do that to carrots and make it just ready to accept planting you probably talking three thousand dollars a hit. in addition to the cost of clearing there were additional expenses of five thousand three hundred euro's perfect for irrigation facilities pipes electricity cables and roads the business was able to expand the amount of agricultural land that could be irrigated by a factor of seven to have a speed year of possible here in zambia but that can only be realized if the water

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the activists say agra fat has acquired the most important newspapers in the country turning them into propaganda instruments. the senior editors have all left the papers and are now working independently. under a publishers or interests in health agriculture and commission and first two businesses are very much dependent on the state and the legislation of the state many see an indisputable conflict of interests between business activities and his role in politics business consultant otto brown knows the mood among czech business leaders how does he see things developing. the government will continue to align itself with the e.u. and the west and there's no danger of the czechs it either. so it's likely the czech republic will stay loyal to the e.u. but it won't adopt the euro as a currency the economy is growing wages are on the rise there seems little reason for andrei bobbish to change track to kenya now in an area known as the flower bed all of africa and lake vashon are the cut flowers industry that generates five percent of kenya's g.d.p. it might sound profitable not to mention

took almost two years but it's finally done with its purchase of months into bio becomes the largest agra chemical company in the world. it holds just over thirty percent of the global market that's ahead of the chinese swiss firm came china syngenta which has just over twenty eight percent then it's the u.s. business dow dupont with seventeen and a half percent b.s.f. controls about thirteen and a half percent of the global market you know other words just five corporate entities will determine the direction of global agriculture and the nutrition of humanity this while the world population grows ten billion people by twenty fifty according to current estimates because farmland isn't increasing it's up to these five firms to figure out how to coax more out of the ground that's already under the plow. troubles on earth get too much that we just head into space is a new crew headed to the i s s right that's exactly right monica the latest mission to the i assess is on its way the three strong crew blasted off from the baikonur cosmodrome in kazakhstan yesterday the copilot on board this mi

will be agra vision is far from that the german lenders believe they're raising the incomes of the local population with their investments there by fighting malnourishment in poverty. the are to fund claims to be popular with religious institutions orders and pension funds. they want to invest their pastas pensions in profitable ways but the fund won't reveal the investing institutions citing banking secrecy instead. most other investors are not made public. and the funds location also raises questions. their fun is based in luxemburg is that the german government said that quite openly in response to a question from me there's no tax on profits there in times when we're discussing the panama papers that's very interesting you go there because you don't want to pay taxes and. luxembourg is well known as a tax haven. but the german development minister doesn't see a problem. kind of solution still poor there are no middleman structures and money doesn't get lost i owe that to the german taxpayer i want them to fund is registered in luxembourg. it will. take a look at what kind of model it

it invested around nine million euros in the company chhobi agra vision in zambia. one of its farms is located in central zambia and is one of the biggest in the country the fund prospectus advertises that are to raises local incomes and therefore food security. and the money was used to set up a large soy plantation. but here too the land was not empty some farmers were relocated. the majority of the land was forest it has been cut down. on my right hand side behind it you can see some of the natural natural bush forest that was so these particular fields were cleared from that bush. and to do that to carrots and make it just ready to accept planting you probably talking three thousand dollars a hector. in addition to the cost of clearing there were additional expenses of five thousand three hundred euros for hectare for irrigation facilities pipes electricity cables and roads the business was able to expand the amount of agricultural land that could be irrigated by a factor of seven to have a spray year of possible here in zambia but that can only be realised if t

took almost two years but it's finally done with its purchase of month center via becomes the largest agra chemical company in the world. it holds just over thirty percent of the global market that's ahead of the chinese swiss firm kim china syngenta which has just over twenty eight percent then its the u.s. business down dupont with seventeen and a half percent b.s.f. controls about thirteen and a half percent of the global market you know other words just five corporate entities will determine the direction of global agriculture and the nutrition of humanity while the world population grows ten billion people by twenty fifty according to current estimates because farmland isn't increasing it's up to these five firms to figure out how to coax more out of the ground that's already under the plough. now many are worried by this takeover and fear that big chemical corporations like by may soon own the intellectual property rights to genetically modified versions of almost basic foodstuffs i spoke to have. and i would counsel economists and i asked him if those worries were justified the stee

but the big midwest companies like con agra that got on board with lgbt was not necessarily with liberalses. they're on board because they're a bellwether of society. i think diversity in terms of gender inclusion is also very important. you see with the me too movement today, as more women are in power and more women feel empowered to speak up, you can finally tackle this per vafs -- pervasive problem. you need to have that power at the top. you're starting to see the diversity in corporate realms really lead the way. you know, the ceo and chairman of black rock, one of the big investment companies of the world recently wrote a letter to all of the shareholders talking about how it's the responsibility of investors to look more responsibly. they're now evaluating some of their investments in terms of the places where they put their money. bank of america just said they're no longer going to lend any assault weapon manufacturers. so taking the policy. and the big thing with equity and inclusion, black rock when they go to invest in a company, they look very specifically at your esp and d

the read on all of that on a day we have deals that's b in town including c agra offering to buy pinnacleoods for about $8.1 billion let's get the read from david benson and center for freedom prosperity dan mitchell. dan mitchell, to you. the back drop regardless of what you think of these individual deals is that there is still big deals going on so whatever noise we're getting on immigration, whatever noise we're getting on trade is not deterring those who want to get bigger and have more ever what do you make of tt? >> it's obviously a sign that people are optimistic. they want to accumulate assets because they think that it's going to generate income in the future and that's fundamentally a positive thing. the only thing i would throw out there as a warning sign that we should keep in the back of our minds, what if this is just the fact that there's just toouch easy money that's been dumped in the system and people are looking for ways to use it? that's the only thing that worries me. neil: david a lot of times what companies do, given what this tax cut has been is they buy stock or