There is a strong interest in packaged food shares following a report that 3G is raising $8 billion–$10 billion from potential investors. The money is expected to fund the next acquisition target, according to
While 3G has not indicated a specific target, the focus is said to be within the consumer sector.
CNBC reported in July that Kellogg Company
3G has specialized in brokering mergers within the packaged food sector, having been involved in past deals such as the Kraft–Heinz merger in 2015.
The report indicated that about 10 Brazil-based investors have each committed to investing a minimum of $100 million. For those who proposed commitments between $20 million and $50 million, 3G "politely declined."
Confidence among the investors appears to be strong, as those who took part in earlier fundraising got back their capital and still have about 3–4 times the capital invested.
With the latest news, packaged food sector stocks are
At last check:
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