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Wednesday, March 29, 2023

CP Group weighs feed and seed business IPO

Share sale on SET could raise as much as $1 billion, sources say

A CP Vietnam facility at Loc Ninh in Binh Phuoc province includes a 2,400-sow grandparent farm with 10,000 breeders.

Charoen Pokphand Group is exploring an initial public offering (IPO) of its seed and animal feed business on the Stock Exchange of Thailand that could raise as much as $1 billion, according to people with knowledge of the matter.

The conglomerate is restructuring its upstream agricultural operations to prepare for the potential spinoff, which could include animal feed and seed businesses under Charoen Pokphand Foods Plc and Chia Tai Co, the people said.

CP has held initial discussions with prospective advisers on the…

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