Kellogg to buy controlling shareholder of Brazil's Parati Group

jueves 13 de octubre de 2016 07:02 GYT

Oct 13 (Reuters) - Corn Flakes maker Kellogg Co said on Thursday it would buy Ritmo Investimentos, the controlling shareholder of Brazilian biscuit maker Parati Group, for about 1.38 billion reais ($428.44 million) to expand its presence in emerging markets.

The deal, which will be an all-cash transaction, represents Kellogg's fourth acquisition in emerging markets in the last two years, the company said.

($1 = 3.22 reais) (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Maju Samuel)