Vegemite is set to return to Australian ownership after dairy company Bega announced it would buy most of Mondelez International’s Australia and New Zealand grocery and cheese business.
Bega, in a note to the Australian Stock Exchange, said it would use bank debt to fund the $460 million acquisition.
The deal does not include Philadelphia products but will see Australian ownership of Kraft-branded products, including peanut butter, cheeses and mayonnaise — via redwolf.newsvine.com
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