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.

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