Kraft Heinz Nears Deal to Sell Part of Cheese Business to Lactalis
September 15 2020 - 11:32AM
Dow Jones News
By Cara Lombardo and Annie Gasparro
Breaking News
Kraft Heinz Co. is nearing a deal to sell a chunk of its cheese
business to France's Lactalis as the U.S. food company seeks to
jumpstart growth in its other businesses, according to sources. The
deal with French company values the business at about $3.2
billion.
(More to come)
Write to Cara Lombardo at cara.lombardo@wsj.com and Annie
Gasparro at annie.gasparro@wsj.com
(END) Dow Jones Newswires
September 15, 2020 11:17 ET (15:17 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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