Kraft To Divest Certain Trademarks In Spain, Hungary

Kraft To Divest Certain Trademarks In Spain, Hungary

Kraft To Divest Certain Trademarks In Spain, Hungary

Kraft Foods Inc. said Thursday it agreed to divest some of its trademarks in Spain and Hungary to meet regulatory requirements connected to its acquisition of Group Danone's global biscuits business.

Kraft said it will sell its Artiach biscuits business in Spain to Panrico, and its Balaton chocolate trademark in Hungary to Nestle SA

Financial terms of the agreements were not disclosed.

Kraft said the divestitures will not affect its ongoing businesses in Spain and Hungary.

Boutique executive search services with best in class global network, contacts and market mastery.

Deeply connected and engaged personal service approach, long-term investment in client community and 25 year history of strong relations with both Multi-National leaders and Private Equity partners.