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Agriculture

Thai CP Group to build China pork business through share swap

Conglomerate will acquire 43 operations, from breeding to food processing

Top Thai conglomerate Charoen Pokphand Group seeks a stronger presence in China, the world's biggest pork market. (Photo courtesy of CP Foods)

BANGKOK -- Top Thai conglomerate Charoen Pokphand Group will build a pork business in China that spans breeding to food processing in an attempt to combat a swine shortage caused by flooding and disease.

Chia Tai Investment, an indirect subsidiary of CP Group's food processing arm Charoen Pokphand Foods, will buy 43 businesses encompassing breeding, farming, slaughtering and food processing in a deal valued around 28 billion yuan ($4.1 billion).

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