RUSSIA’S OSTANKINO THAI TAKEOVER TALKS NEAR ENDGAME
February 1st, 2017
TALKS that could see Charoen Pokphand Foods (overseas) LLC the Russian arm of Thai food conglomerate CP Foods, acquire the Ostankino Meat Processing Plant (OMPP), one of Russia’s largest meat processing facilities, may be concluded next month.
Russian newspaper reports have suggested that the potential deal could cost CP USD150 to USD200 million, although the companies have not confirmed this.
The deal would be part of recently announced plans of CP Foods parent the Charoen Pokphand Group to establish a food supply chain in Russia from farm to final ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.