Kraft Foods Europe, which is now part of Mondelez International (MDLZ -0.4%), has agreed to buy...
Kraft Foods Europe, which is now part of Mondelez International (MDLZ -0.4%), has agreed to buy the Vitasnella snack business in Italy from Danone (DANOY.PK +1.4%) for an undisclosed sum. DANOY.PK will keep Vitasnella's yogurt and businesses, allowing Kraft to focus on a booming snack sector that is growing faster than other consumer segments as people with a busy lifestyle snap up low-value food to eat on the go.
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