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Kraft Heinz Announces Sale of North American Coffee Business and $700 Million Investment

The Motley Fool +1 · ·by G4L

KHC Kraft Heinz Co
$24.42 -0.77%
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  1. 1Kraft Heinz announced a definitive agreement to sell its North American coffee business to One Rock.
  2. 2Kraft Heinz will invest $700 million in brand and marketing.
  3. 3Kraft Heinz will retain a 30% non-controlling interest in the coffee business.

So what's the key point?

Kraft Heinz has decided to sell its North American coffee business to another company. Instead, it will invest $700 million into the brand while keeping a 30 percent stake in the coffee business.

Source The Motley Fool +1 · View original ↗

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