CJ CheilJedang acquires 80% stake in US food firm

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South Korea's food giant CJ CheilJedang has acquired an 80% stake in US-based food business Schwan’s and its subsidiaries that serve the foodservice and retail segments. According to Reuters, the total consideration of the transaction is USD 1.84 billion, which includes the sale of the company’s man...

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Conny Pereira
Director, Asian Agribusiness Media, Kuala Lumpur