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Stock impact report

Ferrara holding company seals deal for French confectioner CPK [Yahoo! Finance]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: Yahoo! Finance
In a statement, Eurazeo said the deal has “generated around €240m ($276.4m) of proceeds allocated” to its balance sheet. In July, Ferrara and Eurazeo announced the two sides were in exclusive talks over a possible deal. The transaction gives Ferrara brands including Carambar, Poulain, Lutti and Terry's. Eurazeo said the sale “reaffirms its strategy of supporting ambitious and responsible transformations, while creating significant value for its clients and shareholders”. CPK was created in 2017 following Eurazeo's purchase of 14 brands from Mondelez International and went on to acquire French confectioner Lamy Lutti the following year. In a post on LinkedIn, Ferrara CEO Marco Capurso said: “The heritage and timeless appeal of these [CPK's] brands has earned generations of loyal consumers in France and beyond. Our new colleagues share our passion for quality, building beloved brands and delighting consumers.” More than 850 CPK employees and four factories in France will be Show less Read more
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