S Korea's CJ Group weighs $1b sale of Chinese logistics firm Rokin

South Korean conglomerate CJ Group is exploring a sale of its Chinese unit CJ Rokin Logistics Supply Chain Co., according to people familiar with the matter, as a surge in e-commerce fuels demand for assets in related sectors.

The Shanghai-based unit, which specializes in chemical and cold-storage transportation, could fetch as much as $1 billion in a sale, the people said. The group has received preliminary interest from potential buyers including other logistics firms as well as investment funds, the people said, asking not to be identified because the matter is private.

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