Charoen Pokphand plans to buy Modern State in Vietnam

C.P. Pokphand plans to buy Modern State for HK$4.74 billion (US$ 610 million) in order to obtain the company’s animal feed manufacturing, animal breeding, meat processing, and food manufacturing businesses in Vietnam, according to a company filing. Modern State is affiliated to a Thai-registered subsidiary of Pokphand’s parent.

By acquiring 70.8 percent of the Vietnamese animal-feed producer C.P. Pokphand Co (the Chinese arm of Thailands Charoen Pokphand Group) is to expand into Southeast Asia, in a bid to tap into new markets outside China, the origin of 96 percent of its sales last year. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers