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Thailand's CP Foods to buy 33% stake in Polish poultry business

$51.6m investment in SuperDrob targets European distribution

BANGKOK -- Charoen Pokphand Foods, the core subsidiary of Thai conglomerate Charoen Pokphand Group, will deepen its presence in the European poultry market by purchasing a 33% stake in Poland's SuperDrob Capital Group for 49.5 million euros ($51.6 million).

SuperDrob supplies fresh meat and processed chicken products to wholesalers, retailers and restaurants across Europe from its three plants in Poland. In 2015, its sales rose 10% on the year to 212.4 million euros.

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