November 6, 2018 / 9:36 PM / 11 days ago

Kraft Heinz to sell natural cheese operations in Canada for $1.23 bln

Nov 6 (Reuters) - Tater tots maker Kraft Heinz Co said on Tuesday it would sell its Canadian natural cheese business to dairy products company Parmalat Group in a deal valued at C$1.62 billion ($1.23 billion).

The company expects to use proceeds to pay down debt. ($1 = 1.3126 Canadian dollars) (Reporting by Sonam Rai in Bengaluru; Editing by Bernard Orr)

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