Sector News

Mondelez unaware of any Kraft Heinz approach: sources

December 15, 2016
Consumer Packaged Goods

Mondelez International Inc has not heard from Kraft Heinz Co about any potential acquisition, people familiar with the matter said on Wednesday, after Swiss magazine Bilanz reported that the latter was planning a bid.

Mondelez has no reason to believe there is truth to the Bilanz report, the sources said, asking for anonymity to discuss the matter. Kraft-Heinz and Mondelez, two of the world’s largest packaged food producers, offered no comment.

By Lauren Hirsch

Source: Reuters

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