Warren Buffett says he is “disappointed” in the division of Kraft Heinz; Stocks drop 3 %

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Warren Buffett told CNBC on Tuesday that he was disappointed in Kraft Heinz Divided This relaxes a lot of the pioneering integration, which was the hand of the mind a decade ago.

With a 27.5 % stake in the company, Berkshire Hathaway is the largest contributor to Kraft Heinz. The company has not touched its shares since Integration 2015 Which formed the food group.

The shares of the company decreased more than 3 % after the Buffett comments.

Heinz Ketchup and Mustard bottles were seen for sale at Heinz’s Shopping Day at Berkshire Hathaway shareholders in Omaha, Nebraska May 1, 2015.

Reuters

Puffette Bikki Kwik told CNBC on Tuesday that the merger did not turn into a great idea, but he did not think that dismantling the company will fix its problems.

Greg Abel, who will take matters in Berkshire Hathaway from Pavite at the end of the year, expressed his disappointment in Kraft Heinz, according to Pavit.

Berkshire Hathaway cooperated with 3G Capital in 2015 to integrate Kraft Foods with HJ Heinz. The 3G capital came out quietly Her investments at Kraft Heinz in 2023, years after its share was periodically reducing while the company was struggling.

Regarding the future of Berkshire as the Kraft Heinz investor, Buffett Cnbc told Berkshire to do everything in the company’s interest. If Berkshire is treated to sell its shares, the company will not accept offer to offer a block unless other shareholders receive the same offer, according to Bavate.

This story is developing. Please check again for updates.



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