3G Capital set to buy US food giant Kraft for $40bn: Reports

  • 3G Capital is reportedly seeking to buy American food giant Kraft in a deal that could exceed $40 billion.

    According to media reports, talks between the Brazilian company and Kraft are in “advanced” stage.

    3G, a private equity firm, and Berkshire Hathaway had joined hands in 2013 to buy ketchup king H.J. Heinz for $23 billion.

    One of the largest food companies in the US, Kraft had bought British chocolate maker Cadbury for £11.5 billion in 2010.

    Tagged as: 3G Capital, Kraft, US food firm, Brazilian, private equity firm, Berkshire Hathaway, H J Heinz, Cadbury, business news