Kraft Foods to split into two separate units

Reuters

(Reuters) - Kraft Foods Inc said it would split itself into two separate listed companies, comprising the global snacks business and the North American grocery business.

The company said it would do this by spinning off its North American grocery business to its shareholders.

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It aims to complete the process by the end of 2012, Kraft said in a statement.

(Reporting by Mihir Dalal in Bangalore; Editing by Saumyadeb Chakrabarty)

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