Oreo and Cadbury's US owner considers bid for I&J and Five Roses manufacturer AVI - insiders | Fin24

Discussions are underway though there’s no certainty a deal will be reached, said the people, who asked not to be identified as the process is ongoing. Mondelez, which owns Oreo biscuits and Cadbury’s chocolate, may not want to acquire the entire company, one of the people said. Shares in AVI, whose brands include local favorites such as Five Roses tea, jumped as much as 6.

An acquisition by Mondelez would come after PepsiCo Inc. agreed to buy South Africa’s Pioneer Foods Group Ltd. for about $1.8 billion in 2019. In times of uncertainty you need journalism you can trust. For only, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.

Fin24 I need to go back to AVI then,

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