2 March 2015
Charoen Pokphand Foods Public Company Limited
will acquire the remaining 75% shares of CP Cambodia for $88 million,
strengthening its position as an agro-business operator in the ASEAN region. After
completing the transaction, CP Cambodia will become a wholly owned subsidiary
of CPF, which previously owned a 25% stake. Its reported total revenues of $256
million last year and net profit close to $23 million.
Source:
http://www.phnompenhpost.com/cp-foods-acquire-local-subsidiary-88-million
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