M&A-active Thai Charoen Pokphand Foods to pick majority in German meat seller

Photo: Charoen Pokphand website

CPF Europe SA – the subsidiary of Charoen Pokphand Foods Pcl (CPF) – has entered into an agreement to acquire a 95 per cent stake in German-based meat distributor Paulsen Food GmbH from Peter Paulsen Import-Export GmbH for 12 million euro ($13.7 million)

The move is seen as a bid to expand its footprint in Europe, according to the company’s statement to the Stock Exchange of Thailand on Friday.

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