The Carlyle Group has made another move into the Chinese food industry with an agreement to buy a minority interest in CP Pokphand (CPP), one of China's largest livestock and aqua feed producers. The US-based investment behemoth will pay $175 million for convertible preference shares representing an 11.3% stake from the Charoen Pokphand Group (CP Group), Thailand's leading agro-industrial and food conglomerate, and the single biggest shareholder of CPP.
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