PAG Is Said to Explore Sale of Chicken Meat Producer Fengxiang

PAG is considering a sale of poultry meat producer Shandong Fengxiang Co. after taking it private last year, people familiar with the matter said.

The Asian private equity firm has held early discussions with prospective advisers to evaluate a possible sale of the business, the people said, asking not to be identified because the information is private. The operator of Fovo Foods could be valued at $700 million to $900 million in a deal, the people said.