Berkshire Hathaway Initiates Full Divestment from Kraft Heinz

In a significant strategic shift, Berkshire Hathaway has taken regulatory steps that would allow it to sell its entire stake in Kraft Heinz Co. The move signals a potential end to the investment conglomerate’s role as the long-standing anchor investor in the food giant. This development coincides with a delicate period for Kraft Heinz, as it concurrently advances plans for a historic corporate split.

The planned divestment, encompassing over 325 million shares, represents a clear departure from a partnership that began with the merger of Kraft Foods and H.J. Heinz back in 2015. Market analysts interpret this action as part of a portfolio streamlining effort under Greg Abel, who succeeded Read more...