Morgan Stanley Reiterates Underweight Rating on Kraft Heinz Company (KHC)
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Kraft Heinz Announces Agreement to Sell Italian Baby and Specialty Food Business to Italy’s NewPrinces Group
July 10, 2025 1:00 AM EDTTransaction Expected to Close at end of 2025, Subject to Regulatory Approval
PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz or the Company) announced today that it has entered into an agreement to sell its infant and specialty food business in Italy to NewPrinces S.p.A. (NewPrinces and, together with its subsidiaries, the NewPrinces Group), one of the countrys leading food and beverage producers.The proposed transaction is expected to close at the end of 2025, subject to regulatory review and approval.
The agreement will see NewPrinces... More
