Kraft Heinz deliberation sale of Complan code in India

(Reuters) – Kraft Heinz Co is deliberation a sale of children’s appetite splash code Complan in India, that could fetch about $1 billion, Bloomberg reported on Monday, citing people informed with a matter.

Kraft Heinz is operative with an confidant to sign seductiveness in a code from intensity buyers, including Indian companies and private equity firms, a news said, adding talks are during an early theatre and a association might confirm to keep a brand.

Kraft Heinz declined to criticism on a report.

Reuters had reported in Mar that during slightest 3 companies including Kraft Heinz are approaching to bid for GlaxoSmithKline’s Horlicks health nourishment business, that competes with Complan in India.

Horlicks and Complan are dual renouned malt-based splash brands in India.

Reporting by Uday Sampath in Bengaluru

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