Kraft Foods has announced the sale of Kandia-Excelent chocolate, sugar confectionery and cake business in Romania, inherited from Cadbury acqisition, to Oryxa Capital, an international investment fund, subject to regulatory approval. Cadbury had acquired the leading Romanian confectioner in 2007 but Kraft has been forced to divest it under EU competition rules as part of its takeover of Cadbury.

The sale includes Kandia-Excelent brands such as Rom, Magura, Kandia, Laura, Sugus and Silvana, ...


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