Related News
Carlyle buys stake in China-based feed producer
By Winny Wang |
July 9, 2010, Friday
|
Online Edition
Online Edition
GLOBAL asset manager Carlyle Group will acquire an 11.3-percent stake in C.P. Pokphand Co Ltd, a leading livestock and aqua feed producer in China, for US$175 million.
Carlyle Asia Partners III LP, a US$2.55 billion pan-Asian investment fund, will acquire convertible preference shares and options from Charoen Pokphand Group, Thailand's largest agribusiness conglomerate, ahead of July 22, the United States-based Carlyle said yesterday.
Charoen Pokphand plans to use part of the proceeds to prepay about US$150 million of the intercompany debt of US$288 million which is outstanding to C.P. Pokphand before the end of this year.
"Carlyle sees great growth potential in China's agriculture sector and believes the rapidly expanding middle class, increasing demand for quality food supply, as well as heightened awareness of food safety and dietary issues, will underpin future growth in the sector," said Patrick Siewert, senior director of Carlyle.
Carlyle Asia Partners III LP, a US$2.55 billion pan-Asian investment fund, will acquire convertible preference shares and options from Charoen Pokphand Group, Thailand's largest agribusiness conglomerate, ahead of July 22, the United States-based Carlyle said yesterday.
Charoen Pokphand plans to use part of the proceeds to prepay about US$150 million of the intercompany debt of US$288 million which is outstanding to C.P. Pokphand before the end of this year.
"Carlyle sees great growth potential in China's agriculture sector and believes the rapidly expanding middle class, increasing demand for quality food supply, as well as heightened awareness of food safety and dietary issues, will underpin future growth in the sector," said Patrick Siewert, senior director of Carlyle.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
