Thai CP acquires Russian farms as it anticipates COVID recovery

Conglomerate spends $13m with plans to ship pork to other European nations

20210524 Thai CPF

Charoen Pokphand Foods has acquired the food and agricultural subsidiary of Russia's BiltOil. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Thai conglomerate Charoen Pokphand Group has spent 404 million baht ($13 million) to strengthen its overseas livestock business in anticipation of a sharp post-COVID recovery.

The funds were used by Charoen Pokphand Foods, CP Group's food processing arm, to acquire pig farms in Russia and further its livestock business in the country.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.