Mondelez International sells Portugal unit to Cerealto for undisclosed sum
Mondelez International has sold its Portuguese unit to Cerealto of Spain for an undisclosed sum, reported Diario Economico. Sources told the paper that Mondelez had previously announced the closure of its biscuit production factory at Mem Martins in Portugal with a transfer of production to the Czech Republic.
However, the French group has opted to keep its Portuguese plant in production and sell it to Cerealto, the report said giving no values for the transaction.
Diario Economico