Davis Polk is advising Charoen Pokphand Foods Public Company Limited (CPF) and its wholly owned subsidiary in connection with its $2.174 billion acquisition of a controlling 74.18% interest (on a fully diluted basis) in C.P. Pokphand Co. Ltd. (CPP) from two indirect wholly owned subsidiaries of Charoen Pokphand Group Company Limited, a major shareholder of CPP, and a related shareholder. The transaction is expected to be completed in mid-March 2012 and is subject to the shareholders’ approval of CPF and customary closing conditions.

CPF is a leading agro-industrial and food conglomerate in Thailand and its shares are listed on the Stock Exchange of Thailand. CPP is a leading provider in the animal feed business in China and involved in various other businesses, including livestock and aqua-culture business in Vietnam. CPP’s ordinary shares are listed on the Hong Kong Stock Exchange. 

The Davis Polk team included partner Paul Chow, associate Amanda Lau and trainee solicitor Katie Lam. All members of the Davis Polk team are based in the Hong Kong office.