(Il Sole 24 Ore Radiocor) - Milano, 17 mar - The US food company General Mills announced it has entered into a definitive agreement to sell its business in Brazil to 3coracoes.

The proposed transaction, which includes a portfolio of leading local brands including Yoki and Kitano, is expected to close by the end of calendar 2026.

Collectively, the Brazil business contributed approximately 350 million dollars to General Mills' fiscal 2025 net sales.

No other financial details were released.

"The sale reinforces General Mills' priority to reshape its portfolio to generate long-term profitable growth, in line with its Accelerate strategy. The transaction increases the company's operating profit margin and enhances the International segment's focus on its priority global platforms, including super-premium ice cream, Mexican food, snack bars, and pet food," General Mills said.

The divestiture encompasses General Mills' business in Brazil, including supply chain facilities in Pouso Alegre and.

Campo Novo do Parecis.

(RADIOCOR) 17-03-26 15:24:36 (0442) 5 NNNN