Heinz, Kraft to merge as Buffett, 3G reinvest $10bn
US food giants Heinz and Kraft
New York - AFP
US food giants Heinz and Kraft will merge to become North America's third largest food and beverage company, the two firms said in a joint statement Wednesday.
Heinz's current shareholders will retain a 51 percent stake in the new Kraft Heinz Company, and Heinz's controlling shareholders, US billionaire Warren Buffet and 3G Capital of Brazil, will reinvest $10 billion dollars (9.13 billion euros) in the new group, the statement said.
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Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
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Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
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Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
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Paris - Al Maghrib Today
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Paris - Al Maghrib Today
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