CP's spending spree

Thailand continues to produce M&A deals, spurred on by cheap funding and quiet rivalry among the kingdom's tycoons.
Dhanin Chearavanont
Dhanin Chearavanont

Thailand’s richest man, Dhanin Chearavanont, has done plenty of shopping during the past few months. The 74-year-old tycoon helms Charoen Pokphand Group, an unlisted entity with stakes in a sprawling web of listed enterprises, including poultry company CP Foods, convenience store operator CP All and telco True Corp.

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