Kraft Heinz: the kangaroo trick?











Photo credit © Reuters


(Boursier.com) — Kraft-Heinz, the American food giant, is considering options for its Australian business, the Australian Financial Review understands. The AFR thus reports that Kraft Heinz has called on UBS to help it find potential buyers. Sources told AFR that Kraft Heinz had been in talks with KKR. The article mentions similar deals in the sector, putting a potential deal at around A$500 million. The Australian had already reported in early September that KKR was close to completing a deal, but the estimated amount then was A$1 billion.


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