Complan Nutritional Products: Kraft Heinz to Sell Indian Brands

The Kraft Heinz Company is to sell its Indian brands Complan, Glucon-D, Nycil and Sampriti to Zydus Cadila for approximately US$625 million on a debt free and cash free basis. The transaction is expected to close in early 2019, subject to regulatory approvals of the Competition Commission of India and other customary closing conditions. "The sale [...]