Thailand’s food conglomerate Charoen Pokphand Group is acquiring the remaining shares in C.P Pokphand from Japan’s Itochu Corp, making it the sole owner of the livestock, aquafeed and packaged-food group.
In this latest transaction, Charoen Pokphand will acquire a 23.8% stake from Itochu for US$1.1 billion. Both partners started the business in 2014, with Charoen Pokphand Group buying a stake in Itochu, while Itochu also acquired a stake in C.P Pokphand.
According to a statement from Charoen Pokphand Group, “Being the sole shareholder will allow it to have greater flexibility in management and being able to carry out strategic operations more effectively.”
C.P Pokphand’s principal markets include China and Vietnam. The company’s businesses in China include poultry farming and packaged food.
In 2024, Charoen Pokphand Group generated Bt 580.8 billion (US$17.46 billion) in sales revenue.
