The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Brazil's 3G Capital said to be in talks to buy Kraft

Published Wed, Mar 25, 2015 · 09:50 PM
Share this article.

New York

3G CAPITAL, the Brazilian private-equity firm, is in advanced talks to acquire Kraft Foods Group Inc and merge it with ketchup maker HJ Heinz, a person with knowledge of the matter said.

A deal could be announced as soon as this week, said the person, who asked not to be identified because the information is private. Kraft, based in Northfield, Illinois, closed at US$61.33 in New York trading on Tuesday, giving the company a market value of about US$36 billion. The stock surged 17 per cent after US markets closed and was trading at the equivalent of US$71 in Frankfurt on Wednesday.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here