Berkshire Hathaway May Exit Its Nearly 30 Percent Stake in Kraft Heinz

Date:

Kraft Mac & Cheese products are seen on a shelf at a Target store in the Flatbush neighborhood of the Brooklyn borough in New York City on Nov. 15, 2024. Michael M. Santiago/Getty ImagesBerkshire Hathaway, the global conglomerate chaired by Warren Buffett, is considering a 28 percent divestiture in Kraft Heinz, an international food and beverage corporation.It would be, if implemented, one of the most significant moves yet under Greg Abel, Berkshire Hathaway’s CEO, who succeeded Warren Buffett earlier this year.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Zelenskyy Launches Carpathian Initiative With Focus on Post-War Future

Ukraine will launch a new initiative in the Carpathian...

How Major US Stock Indexes Fared Aug. 3

U.S. stocks rallied to the edge of their all-time...

JPMorgan Pledges $750 Billion to Boost US Homeownership, Housing Supply

JPMorgan Chase global headquarters at 270 Park Ave. in...

UBS Financial Services Hit With $125 Million in Anti-Money Laundering Fines

Multiple federal agencies on Aug. 3 announced $125 million...