Citic Group leverages private investment to max

Itochu and CP Group are the latest firms to broaden links with the Chinese conglomerate following its overseas listing last year.

Citic Group leverages private investment to max

Japan’s Itochu and Thailand’s Charoen Pokphand Group CP are the latest in a string of overseas firms to deepen their relationship with China’s largest mainland conglomerate Citic Group following its Hong Kong unit's share sale last year.

Itochu and CP said on Tuesday they plan to buy 20% of Citic Group unit Citic Ltd for HK$80.3 billion $10.4 billion at HK$13.8 per share .

The manner in which Citic Group...

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