Korea’s CJ Said to Revive Sale of $2 Billion Animal Feed Assets
- CJ CheilJedang working with advisers on potential asset sale
- Company has expanded beyond Korea to other Asian countries
CJ CheilJedang Corp. factory buildings, Jincheon, South Korea.
Photographer: SeongJoon Cho/BloombergSouth Korea’s CJ CheilJedang Corp. is considering reviving a sale of its animal feed business, according to people familiar with the matter, in what would be at least a second attempt in recent years.
The Seoul-based company, part of conglomerate CJ Group, is working with advisers as it evaluates a potential sale of CJ Feed&Care, the people said, asking not to be identified because the matter is private. A transaction may value the business at about $2 billion, they said.