Pig breeding facilities operated by CP Group.
Provided by CP group
Charoen Pokphand Group—an agribusiness-to-telecommunications conglomerate controlled by the family of Thai billionaire Dhanin Chearavanont—and Philippine sovereign w ealth fund Maharlika Investment Corp. will set up a $1 billion private equity fund to invest in agriculture, digital innovation and renewable energy in the Philippines.
Maharika CEO Joel Consing Jr. Jr. Jr. Chairman Soopakij Chearavanot.
“This landmark partnership with the CP Group is an important step towards realizing the full potential of the Maharlika Investment Fund and its impact on the Philippines.” Forbes Asia. “The $1 billion fund we aim to build will be a catalyst for transformative growth in key sectors that are crucial to our country’s future.”
In addition to financial capital, the participation of Thai business groups brings “valuable industry expertise, market access, commitment to innovation and attention to sustainability, all of which will contribute to the success of the fund and its commitment to the The positive impact of the Philippines economy,” Commitment said.
The government said CP Group, one of Thailand's largest conglomerates, has invested more than $2 billion in the Philippines. It established its existence after opening a feed mill in Bulacan, north of Manila Province in 2010. The listed company has since made additional investments in aquaculture and agribusiness, including its pig farming projects across 20 locations in the country, requiring an investment of approximately US$179 million.
Dhanin (who has been chairman of CP Group for 48 years until 2017) and his family have a net worth of US$2.9 billion, making it the second largest clan in Thailand. His eldest son Soopakij and the youngest Suphachai are the chairman and CEO of CP respectively. The company has an interest in retail, telecommunications, finance, medicines, property, automobiles and e-commerce.
According to support, Maharika and the CP Group have not discussed details on whether the Thai conglomerate's assets in the Philippines will be included in the fund.
Maharlika CEO Rafael Consing Jr.
By Rafael Consing Jr.
“The current focus is on building the structure of the fund, identifying key investment sectors and attracting other investors,” Consing said. “Once these underlying elements are in place, we can explore potential synergies with existing CP group assets where appropriate,” Consing said. Function. It is important to note that any such decision will be made in mind in the best interests of the Fund and its investors.”
CP Group's private equity fund will be a deal for Maharlika after signing a deal with Synergy Grid and Development Philippines in January, which will receive 20% of the Philippine country Grid Corp., the country's only power cable operator. (Pesos) (Pesos ($337 million).
Maharlika was founded by the government in 2023 with the goal of helping stimulate economic growth, social development and promote treasury through strategic and profitable investment. The fund was initially capitalized by the national government and state-owned lenders such as the Philippine Land Bank and the Philippines Development Bank for P125 billion.
