Kraft Foods pays $40 million dividend to parent Mondelez after takeover

Thu, 06 Jun 2013

By Tina Morrison June 6 (BusinessDesk) – Kraft Foods Investments (New Zealand), which makes Cadbury chocolate, paid its first dividend of $40 million to its parent company after being taken over in 2010, financial statements show. Kraft acquired Cadbury’s New Zealand operations for $207.3 million as part of the global food manufacturer’s 11.9 billion pound takeover of the chocolate maker in 2010. In October, Kraft spun off its North American grocery unit and renamed the global snacks business Mondelez International, including the New Zealand...

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