CJ CheilJedang eyes sale of starch-sweetener business

CJ CheilJedang is reportedly weighing a sale of its starch-based sweetener business, the latest step in a broader effort to divest low-growth operations since overhauling its corporate structure earlier this month.

According to industry sources on Wednesday, the South Korean food conglomerate is in talks with financial investors about a potential carve-out sale of the unit, with a local accounting firm advising on the process.

Industry estimates put its value at around 300 billion won ($207 mill ...