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Business trends

CP Group tycoon says Trump's US ripe for investment

Thai conglomerate mulls several M&As including in non-food sector

U.S. Ambassador to Thailand Glyn Davies, left, CP Group Senior Chairman Dhanin Chearavanont, center, and his son and CP Group chief executive Suphachai Chearavanont chatting at the ambassador's residence in Bangkok on Jan. 18. (Photo by Yukako Ono)

BANGKOK -- Thailand's Charoen Pokphand Group, the agribusiness conglomerate led by billionaire Dhanin Chearavanont, is eyeing more trade and investment with the U.S. as it sees there is "good sentiment" for doing business in the country under the administration of President Donald Trump.

There are several merger and acquisition deals that are being considered, said CP Group's U.S. Business Chairman Boonchai Opas-iam-likit, including those in the non-food category. He was talking to reporters on Thursday on the sidelines of an event to promote the launch of products from U.S. frozen entree maker Bellisio Foods in Thailand, held at the U.S. ambassador's residence in Bangkok.

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