Kraft Foods Signs Deal To Sell Cadbury’s Romania Unit

Kraft Foods

has signed a deal with Oryxa Capital to sell Cadbury's Romanian business unit. The Northfield, Illinois-based company said it is selling the unit it acquired through the acquisition of Cadbury. The company has not disclosed the deal amount. KFT is selling the Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to meet the regulatory requirement of the European Commission for the company’s purchase of Cadbury. KFT’s shares gained 1.55% to close at $28.25 yesterday. Read more