News and analysis on the global poultry
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on November 30, 2011

CP Foods acquires Hong Kong animal feed unit

Charoen Pokphand Foods has acquired Hong Kong unit CP Pokphand Co. as part of its strategy to become one of the top three animal-feed firms worldwide, according to the company.

The acquisition will cost roughly US$2.17 billion for a 74.18% stake, but is expected to generate an 18% return on investment per year. The deal will also support CPF's strategy of expanding its business into both China and Vietnam, increasing the contribution from its overseas business from 26% of total revenue to 50%.

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