Berkshire Hathaway CEO Reportedly Says No Plans to Sell Kraft Heinz Stake With Split Paused

MT Newswires Live03-05 22:53

Berkshire Hathaway (BRK.A, BRK.B) Chief Executive Officer Greg Abel said the company has no current plans to sell its stake in Kraft Heinz (KHC) after the food giant deferred its split into two public companies, multiple media outlets reported Thursday.

Kraft Heinz's plans to break up had been a disappointment for Berkshire, which filed a registration statement in January saying that it was looking to sell its remaining 28% stake in the company, according to a Bloomberg report.

Abel said in an interview with CNBC that Kraft Heinz's decision to pause the split was the right approach.

"We filed our registration statement really to be in a place that if we ever did sell, we'd be able to. But it's not that we're going to take any immediate action currently," Abel told CNBC.

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