MondelĒz international announces agreement to sell its developed market gum business to perfetti van melle

Chicago, dec. 19, 2022 (globe newswire) -- mondelĒz international (nasdaq: mdlz) today announced it has entered into definitive agreements to sell its developed-market gum business in the united states, canada and europe to perfetti van melle group, a leading european gum and confectionery maker for a headline purchase price of $1.350 billion or 15 times equivalent to estimated current year ebitda.
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