U.S. Bain Capital to acquire stake in CJ CheilJedang's unit for $320 mln
SEOUL, May 23 (Reuters) - South Korean food giant CJ CheilJedang Corp 097950.KS said on Thursday that U.S. private equity fund Bain Capital had agreed to acquire a 27% stake its U.S. unit CJ Foods America for $320 million.
Bain would become a financial investor for CJ's recent acquisition of U.S. frozen foods firm Schwan's Co for $1.84 billion, CJ said in a regulatory filing.
(Reporting by Hyunjoo Jin, Hayoung Choi; Editing by Stephen Coates)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.