Kraft Heinz Agrees To Divest 70% Stake In Its North America Coffee Operations To One Rock Capital Partners For Net Proceeds Of ~$500M
The Kraft Heinz Company (NYSE: KHC) ("Kraft Heinz" or the "Company") today announced that it has entered into a definitive agreement with an affiliate of One Rock Capital Partners, LLC (together with its
Kraft Heinz is selling most of its coffee business to raise about 500 million dollars. When a company sells off a big part of itself, watch whether it uses that money to pay bills or grow something new.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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