CP Group raises $315 million from sale of shares in CP All

The deal comes shortly after the Dhanin Chearavanont-controlled seller receives regulatory approval to buy HSBC’s stake in Ping An Insurance.

CP Group raises $315 million from sale of shares in CP All

Three weeks after the Charoen Pokphand Group won approval to buy HSBC’s remaining 15.57% stake in Ping An Insurance, the Thai conglomerate was in the equity market raising cash from a sell-down in its Bangkok-listed subsidiary CP All, the owner of the 7-Eleven franchise in Thailand.

The transaction, which launched just after 7pm Hong Kong time on Thursday and was completed late the same evening, raised Bt9.4 billion $315 million. The seller didn’t...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES