CJ CheilJedang canceled plans to sell its stake in its Brazilian subsidiary, CJ Selecta, to "eradicate management uncertainties," according to the company.
CJ CheilJedang will sell its 66% stake in Brazilian subsidiary CJ Selecta to Bunge Alimentos for an estimated $356.18 million. The proceeds will be used for the biotechnology portfolio of CJ Group, with the specific allocation yet to be determined.
Korea JoongAng Daily Sitemap
