Thailand's Charoen Pokphand Foods to Buy Itochu's Stake in C.P. Pokphand for $ 1.1 Billion
Thailand's food giant Charoen Pokphand Foods will buy a 23.8% stake in C.P. Pokphand from Japanese trading house Itochu Corp for $1.1 billion to become its sole owner, the company said on Monday.
Bermuda-based C.P. Pokphand, which operates agri-food businesses such as animal farming and the sale of processed food products in China and Vietnam, was delisted from the Hong Kong stock exchange in 2022, under parent Charoen Pokphand Foods and Itochu's joint offer to take the unit private...
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