SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
SQM Q1 Profit More Than Doubles as Lithium Prices Surge 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Universal Music Group Rejects Pershing Square Takeover Proposal 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Canada and Germany Advance Major LNG Supply Partnership 
CTOC Goes Live on Bitget Wallet Trading, Expanding Global Access to AI-Powered Healthcare Data Ecosystem 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
CJ CheilJedang reportedly disposed of its entire stake in CJ Selecta, its Brazilian subsidiary. Based on the report, the company is selling the 66% stake to Bunge Alimentos S.A. for an estimated price of KRW480.5 billion or around $356.2 million.
Then again, the mentioned amount is provisional as of this time, and CJ Cheiljedang has yet to determine the final price when they reach the closing of the deal stage. The buyer, Bunge Alimentos S.A., is the Brazilian unit of the Missouri-based agribusiness and food company Bunge Limited.
CJ Cheiljedang's Plans After the Sale of CJ Selecta
As per Korea Joongang Daily, the South Korean food manufacturing firm said that it will use the funds from the sale for the development and upgrade of its biotech business. The plan is to focus on high-value specialty amino acids and solution products to boost the unit. Part of the sales proceeds will also be used to improve operational efficiency.
The CJ Group's food arm said on Tuesday, Oct. 11, "The divestment was decided based on our 'selection and concentration' approach. While the proceeds are planned to be used to enhance business competitiveness, the specific allocation has yet to be finalized."
Facts about CJ Selecta
CJ Selecta is reportedly a leading brand that holds the largest placement in the global soybean processing industry. The brand has been marked as a valuable asset within CJ CheilJedang's business portfolio, with its revenue reaching KRW1.13 trillion last year. The sales were said to have been boosted by the rising prices of soybeans.
In any case, The Korea Economic Daily reported that CJ CheilJedang purchased Brazil-based Selecta in 2017 for KRW360 billion. The entire transaction for the acquisition of the whole 66% stake went on until 2019.
The division of ownership of the acquired stake was revealed to be 10% for CJ Cheiljedang and the remaining 56% for CJ Latam, the firm's purpose unit. Since the purchase, the soybean processing company has been renamed CJ Selecta.
Photo by: CJ Cheiljedang Website
