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Kraft Heinz, Mondelez make the cut in Campbell Soup's auction: Report

Based on the first-round bids received, Campbell Soup could fetch close to $3 billion for its international business


US food companies Kraft Heinz Co and Mondelez International Inc have been short-listed to participate in the second round of Campbell Soup Co's auction of its international business, people familiar with the matter said. The development boosts Campbell Soup's chances of divesting its international portfolio, which includes its Australian cookie brand Arnott's and Danish baked snacks maker Kelsen Group, with one deal, two sources said on Sunday. Both Kraft Heinz and Mondelez are interested in the assets so they can expand their global footprint. Based on the ...

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First Published: Sun, December 23 2018. 21:53 IST