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0 0 0.000511378164152471 0.000511378164152471 -0.000255689082076144 -0.000255689082076144 0 -0.00255689082076181
Stock impact report

General Mills to Sell its Business in Brazil

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Company Research Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced it has entered into a definitive agreement to sell its business in Brazil to 3corações. 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, subject to receipt of requisite regulatory approvals and other customary closing conditions.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. Upon completion of the sale, General Mills will have turned over nearly one-third of its portfolio through acquisitions and divestitures since fiscal 2018.The divestiture encompasses General Mills’ business in Brazi Show less Read more
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