CPF operates integrated agro-industrial and food business with its objectives to provide products in high quality and environmentally and socially responsible manner.
Business Overview Staff Login
CPF is committed to providing high quality products that are nutritious, tasty, safe and traceable.
Corporate Governance
Continuously develop and achieve business growth goals and fulfill the commitment to sustainable long-term value. Go with all stakeholders.
our mision
Message to Shareholders
The company is still working hard to raise its competitive edge. For continued growth
Media Center
Discover our latest news, covering sustainability, innovations, industry news and more
Media Center
Media Center
Find CPF’s latest news and many of our good stories.
09 Mar 2020
CPF to Take 20% Stake in Tesco Aiming to expand distribution arms in Thailand and Malaysia With Tesco’s strong performance and business model as key to success

The Board of Directors of Charoen Pokphand Foods Public Company Limited or “CPF” resolves to approve the investment by C.P. Merchandising Co., Ltd. (“CPM”) – CPF’s wholly owned subsidiary – to acquire shares or economic interest of up to 20 percent of total issued shares in Tesco Asia Group, which is a leading retailer under Tesco Lotus brand in Thailand and Malaysia, with CPM’s investment in the holding company setting up for the Tesco Asia Group Investment Transaction to be worth approximately USD 1.5 billion or THB 47.991 billion


Mr. Prasit Boondoungprasert, Chief Executive Officer, said that CPF’s investment in Tesco Asia is aimed to further strengthen its value chain in term of distribution channels in Thailand and Malaysia and enhancing the range of consumer options in this space. CPF is planning to modernize its distribution channels of meat products to better suit with consumers’ behaviour. CPF is confident that the investment presents exciting opportunities for enhancing Thai and Malaysian consumer experiences in an already highly competitive sector.


This joint investment will boost sales of both Tesco and CPF. Given the fact that Tesco Asia has been enjoying the strong operating results consistently, coupled with its highly experienced management and operating teams capable of adapting to changing business and market environment, CPF firmly believe that this investment with Tesco Asia will further enhance the already impressive operating results.


It should be noted that the investment is subject to the full satisfaction of conditions precedent, including obtaining the resolution of shareholders’ meeting of Tesco UK approving the sale of shares in Tesco Asia Group, the approval of the Office of the Trade Competition Commission (where an application for approval is to be submitted) and the approval of the Ministry of Domestic Trade and Consumers Affairs of Malaysia in respect of the relevant transaction in Malaysia. The transaction is expected to be concluded by the end of 2020.

Other Activities
24 Sep 2021
CP Foods applies Probiotic farming for sustainable shrimp production
24 Sep 2021
Forest Department grants an honorary plaque to CP Foods’ reforestation project
24 Sep 2021
CPF adopts "open innovation" strategy in addressing global food trends
23 Sep 2021
CPF Philippines joins hands Manila’s Royal Thai Embassy offers medical supplies to frontline staff battling Covid-19.
Cpfworldwide.com use cookies for the best experience on our website, including to provide ads of products/service for your personalize content.
For more information see our information on Cookies Policy