charoen pokphand

Thailand continues to produce M&A deals, spurred on by cheap funding and quiet rivalry among the kingdom's tycoons.

Dhanin Chearavanont’s Thai conglomerate has secured regulatory approval for the second part of its $9.4 billion acquisition of a 15.6% stake.

The bank will sell its entire 15.6% stake in Ping An to the Thai Charoen Pokphand Group for $9.4 billion, pocketing a profit of $2.6 billion.

The Carlyle Group pays $175 million for an 11.3% holding in CPP, the Chinese subsidiary of CP Group, Thailand's biggest conglomerate, with a purchase of convertible preference shares.