Charoen Pokphand Foods, Thailand's largest agribusiness company, expects sales in 2012 to exceed 300 billion baht (US$9.55 billion) (€7.269 billion), boosted by its purchase of a Hong Kong affiliate, its president said. CP Foods agreed to buy 74.2 percent of Hong Kong-listed CP Pokphand Co Ltd (CPP) for US$2.1 billion (€1.598 billion), in November last year.
The acquisition of the majority stake will help CP Foods expand in China and Vietnam. In particular, it will get access to 28 provinces in China. The deal will also allow for better synergy between its animal feeds and farming businesses. "We are seeing stronger sales growth this year, driven by the acquisition of CP Pokphand," President Adirek Sripratak told reporters, adding the company had completed the purchase on January 18. 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. To get your copy of 'PPLAPP' click here.
The acquisition of the majority stake will help CP Foods expand in China and Vietnam. In particular, it will get access to 28 provinces in China. The deal will also allow for better synergy between its animal feeds and farming businesses. "We are seeing stronger sales growth this year, driven by the acquisition of CP Pokphand," President Adirek Sripratak told reporters, adding the company had completed the purchase on January 18. 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. To get your copy of 'PPLAPP' click here.
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