Dhanin Chearavanont, chairman and chief executive of Thailand’s Charoen Pokphand Group, is a household name at home but little known overseas.
But that changed last week. Mr Dhanin’s unlisted CP Group, the umbrella for a vast network of companies including the listed CP Foods, struck an audacious $9.4bn deal to buy HSBC’s 15.4 per cent stake in Ping An, China’s second-largest insurer.
The transaction is one of the largest M&A deals ever by a Thai company and the second largest in Asia this year, after Chinese oil group Cnooc’s $18bn takeover of Canada’s Nexen.
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