TOKYO -- Japanese trading house Itochu dissolved its decade-long cross-shareholding arrangement with Thai conglomerate Charoen Pokphand (CP) Group this spring, a "very good deal" that resulted in 120 billion yen ($841 million) in profits and capital gains, Tsuyoshi Hachimura, the chief financial officer, told Nikkei.
Interview
Itochu-CP Group deal left Japan trading house with $841m in profit: CFO
Cross-shareholdings with Thai conglomerate was dissolved this spring
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Tsuyoshi Hachimura, Itochu's chief financial officer, said its investment in China's CITIC is a long-term commitment. (Photo by Shin Watanabe)
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