Thai Billionaire’s CP Foods Acquires Itochu’s Stake in CP Pokphand for $1.1 Billion: A Strategic Play to Strengthen Global Agri-Food Leadership
In a landmark deal that underscores Southeast Asia’s growing influence in the global agri-food supply chain, Thailand’s Charoen Pokphand Foods PCL (CP Foods), part of billionaire Dhanin Chearavanont’s Charoen Pokphand Group, is acquiring Japanese trading house Itochu Corporation’s 23.84% stake in C.P. Pokphand Co. Ltd (CPP) for approximately $1.1 billion. This bold acquisition marks a