CP Group wins approval for lucrative Ping An stake

Dhanin Chearavanont’s Thai conglomerate has secured regulatory approval for the second part of its $9.4 billion acquisition of a 15.6% stake.

Nick Ferguson

February 04, 2013

China’s insurance regulator has approved the sale of HSBC’s remaining $7.43 billion stake in Ping An Insurance to Charoen Pokphand (CP), a Thai conglomerate controlled by Dhanin Chearavanont, Thailand’s richest man.

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