WASHINGTON (dpa-AFX) - Conagra Brands Inc. (CAG) said that it has completed the sale of its 51.8% stake in Agro Tech Foods Limited (ATFL), an Indian food company. The transaction marks the latest move in Conagra's strategy to reshape its portfolio and maximize shareholder value. As a result, Conagra Brands will no longer consolidate ATFL's financial results.
In February 2024, Conagra Brands announced that one of its subsidiaries has entered into a definitive agreement with funds advised by Convergent Finance and Samara Capital to divest its 51.8% ownership stake in Agro Tech Foods Ltd.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
