MondelA"z International to Acquire Ricolino for USD 1.3bn.
MANews-(C)2009-2022
Chicago-based snack company Mondelez International, Inc. (NASDAQ: MDLZ) has agreed to acquire Mexico-based confectionary company Ricolino from Mexican baking company Grupo Bimbo for USD 1.3bn, the company said.
The transaction, which is subject to customary closing conditions, will be funded through an issuance of debt and cash on hand and is expected to close in late Q3 or early Q4 2022.
The acquisition of Ricolio will...
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