CPF to buy Russia pork producer
- Published: 25 Jul 2013 at 16.00
- Online news:
SET-listed Charoen Pokphand Foods Plc (CPF) plans to spend 3.15 billion baht (76.8 million euro) to acquire an 83% share of Russia Baltic Pork Invest ASA (RBPI), a large grain and pork producer in the Kaliningrad region in Russia.
CPF Investment Limited (CPFI), a subsidiary of CPF, will purchase the shares from Capman Russian Fund LP in the third quarter of this year.
RBPI, which also has operations in Nizhny Novgorod and Penza, is plans to expand its operations into mainland Russia.
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