Itochu to end cross-shareholding in Thai CP Group

Strategic alliance to continue; deal to generate $880m gain for Japan trading house

Itochu and CP Group first entered into a capital tie-up in 2014. (Source photos by Nikkei)

YUI SATO

April 22, 2025 03:12 JST

TOKYO -- Itochu will terminate its cross-shareholdings with leading Thai conglomerate Charoen Pokphand Group, the Japanese trading house said Monday, a move taken in line with the Tokyo Stock Exchange's corporate governance guidelines.

Itochu holds a 25% stake in C.P. Pokphand (CPP), a core CP Group company. The trading house will transfer those shares to Charoen Pokphand Foods by the end of this fiscal year.