Carlyle takes a stake in China's livestock feed industry

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.

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.

The acquisition, announced on Friday, follows Carlyle's purchase of a 13.62% stake in Singapore-listed China Fishery Group for $190 million in June, and a 17.3% stake in Guangdong Yashili Grou, one of China's biggest infant-formula companies in September 2009.

...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222