Kraft Heinz Nears Deal to Sell Part of Cheese Business to Lactalis
Deal with French company values business at about $3.2 billion
Kraft Heinz Co. KHC +2.17% 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)