Kraft Foods acquires United Biscuit’s southern European division

Kraft Foods has acquired United Biscuit’s southern European division for £575m.

Kraft Foods has acquired United Biscuit’s southern European division for &£575m. The deal includes its operations in Spain, where it owns seven of the top ten brands, and the Triunfo brand in Portugal. Kraft already owned a 25% stake in the UK firm.

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