Deals
Mondelez to Buy Stake in Vietnam’s Kinh Do Snack Unit
This article is for subscribers only.
Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, agreed to buy a majority stake in Vietnam’s Kinh Do Corp.’s snack business for $370 million, bolstering its presence in emerging markets.
The transaction gives Mondelez 80 percent of Ho Chi Minh City, Vietnam-based Kinh Do’s snack unit and the option to buy the rest after 12 months, the companies said in a statement.