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Charoen Pokphand Foods PCL’s Subsidiary Announces Acquisition in CP-Meiji Co Ltd; Subsidiary Announces Acquisition in Russia Baltic Pork Invest ASA


Wednesday, 24 Jul 2013 10:21pm EDT 

Charoen Pokphand Foods PCL announced that its 99.99% owned subsidiary namely C.P. Merchandising Co Ltd will acquire 59.99% interest or 299,997 shares of CP-Meiji Co Ltd, from Charoen Pokphand Group Co Ltd, worth THB 4,000 per share or a total value of THB 1,200 million. The transaction date will be within the third quarter of 2013. The Company also announced that its wholly owned subsidiary namely CPF Investment Ltd (CPFI) will acquire up to 78% interest in Russia Baltic Pork Invest ASA (RBPI), from Capman Russian Fund L.P. and other minority shareholders of RBPI, worth EUR 22.50 per share or a total value of approximately EUR 46.2 million (approximately THB 1,896 million). The transaction date will be within the third quarter of 2013, in case CPFI converts the entire convertible loan into ordinary shares worth EUR 26 million (approximately THB 1,067 million) within two years and RBPI management fully exercise their share options granted by RBPI. 

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