South Korean food and bioengineering company CJ CheilJedang Corporation plans to acquire an additional 5.9% stake in Sementes Selecta by purchasing 86 million shares for KRW360.05bn ($320.44m).

The target company is a Brazilian company engaged in the manufacture of vegetable protein products for animal feed.

CJ CheilJedang will own a 90% ownership in Sementes Selecta, following the acquisition.

Poland-based chocolate and confectionery producer Wawel has announced the sale of its stake in Austrian cocoa products company Josef Manner & Comp.

"CJ CheilJedang will own a 90% ownership in Sementes Selecta, following the acquisition."

Carlyle Group-managed investment fund Carlyle Europe Partners IV  has agreed to acquire an 80% stake in Irca from Ardian Holding and Irca’s founding family.

Irca is an ingredients and food products manufacturing company based in Italy, while Carlyle Europe and Carlyle Group are based in the US.

Carlyle has engaged BNP Paribas, DVR Capital, and Latham and Watkins as financial advisers, while Ardian and Irca’s founding family have engaged Rothschild & Co, UBS, Cube8, Giovannelli and Pedersoli as financial advisers for the transaction.