Korean Group CJ pays 90% of the 450 mi Selecta, the soy industry

The Korean Group CJ acquired by R $450,000,090% of Selecta, a company based in Goiânia (GO) dealing and processes soybeans, according to statement released by the company.
CJ bought a 60 percent stake belonging to the Chilean company Corpesca, with option to purchase more 10% in two years, and other 30% minority shareholders.
"The investment project in Brazil makes up the world of CJ investment plan, aiming to become one of the largest groups of foods and ingredients in the world," said the company in a note, which will be called CJ Selecta.
On Friday (25) will be held in Goiânia a ceremony attended by the President of CJ, Chul Ha Kim, to celebrate the agreement.
The investment plan of the CJ to Brazil includes zoom in 50% industrial production of Selecta, which currently has a capacity of 700,000 tons of crushing soybeans a year, in addition to establishing a business structure for the manufacture of concentrated soy protein and soy bran fermented.
In addition, the "CJ Selecta may in future investments, expand your portfolio for areas such as pork, chicken and fish," said CJ, in a note.
The Selecta began its activities in West-Central Brazil, in 1984, with the production of soybean seeds and other agricultural products, and gradually became an important supplier of raw materials and grain buyer for export.
In 2009, opened a plant to crush soybeans in Araguari (MG), but kept your head office and business structure in Goiânia.