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
Dhanin Chearavanont, the richest man in Thailand, controls CP Group

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...

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