(MENAFN) 3G capital, a private equity firm, is about to acquire Kraft Foods Group (KFC) in an approximately USD40 billion deal, The Peninsula Qatar says.
The Brazilian company and Warren Buffett's Berkshire Hathaway made a surprise move in 2013 by its takeover of the famous Ketchup maker H.J Heinz Co. for USD23 billion.
3G Capital aims at more after raising USD5 billion for the deal and now looking forward to buy Kraft Food Group, the deal could be a turning point for the industry.
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