The Kraft Heinz Company Receives Notice of Partial Stock Distribution by 3G Capital
May 26 2022 - 8:00AM
Business Wire
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the
“Company”) received notice that funds affiliated with 3G Capital
(“3G”), the Company’s second largest stockholder, have distributed
approximately 88 million shares of Kraft Heinz common stock to
external investors in its funds.
The notice also indicated that following the distribution, 3G’s
co-founders and partners would continue to hold approximately 7.9%
of the Company through 3G funds and that the remaining shares held
by the 3G funds are subject to a voluntary 60-day lock-up.
“3G has been a valued partner through a series of milestones
that have transformed and strengthened the Company’s business and
market position over the last several years,” said Miguel Patricio,
Chief Executive Officer and Chair of the Board of Kraft Heinz. “We
look forward to continuing to work with 3G as well as Berkshire
Hathaway, our largest investor.”
About The Kraft Heinz Company
We are driving transformation at The Kraft Heinz Company
(Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious.
Consumers are at the center of everything we do. With 2021 net
sales of approximately $26 billion, we are committed to growing our
iconic and emerging food and beverage brands on a global scale. We
leverage our scale and agility to unleash the full power of Kraft
Heinz across a portfolio of six consumer-driven product platforms.
As global citizens, we're dedicated to making a sustainable,
ethical impact while helping feed the world in healthy, responsible
ways. Learn more about our journey by visiting
www.kraftheinzcompany.com or following us on LinkedIn and
Twitter.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words such as “continue,” “will,” and variations of
such words and similar future or conditional expressions are
intended to identify forward-looking statements. These statements
are not historical facts and are based on Kraft Heinz’s current
beliefs, expectations, estimates, and projections. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are difficult to predict and beyond
Kraft Heinz’s control, which could cause actual results to differ
materially from those indicated in the forward-looking statements.
Those factors include, but are not limited to, the risk factors set
forth in Kraft Heinz’s filings with the Securities and Exchange
Commission, including Kraft Heinz’s most recently filed Annual
Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K.
Kraft Heinz disclaims and does not undertake any obligation to
update, revise, or withdraw any forward-looking statement in this
press release, except as required by applicable law or
regulation.
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version on businesswire.com: https://www.businesswire.com/news/home/20220526005393/en/
Alex Abraham (media) Alex.Abraham@kraftheinz.com
Anne-Marie Megela (investors) ir@kraftheinz.com
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