Business / Corporate Mar 4, 2015

Itochu selling China Food unit to Asahi group

Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts. Japan's third-largest trading house will sell ...

Business / Corporate Jul 24, 2014

Itochu crafts $1 billion tie-up with Thailand's CP Group

Itochu Corp on Thursday entered into a $1 billion tie-up with Thai billionaire Dhanin Chearavanont's Charoen Pokphand Group, targeting rising demand for meat and livestock products in China and elsewhere in Asia. Japan's third-largest trading house is cementing ties with a company that has large ...