Mondelez Splitting Off European Cheese, Grocery Business -Bloomberg

By Dow Jones Business News, 
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Mondelez International Inc. ( MDLZ ) will split off its European cheese and grocery operation into a stand-alone business, Bloomberg News reported Friday.

A person familiar with the matter said the move could lead to a sale or spinoff.

A Mondelez spokesman told Bloomberg that the company has decided "to create a predominantly stand-alone cheese and grocery category in Europe."

Full story at: www.businessweek.com/news/2014-07-11/mondelez-separation-of-cheese-and-grocery-said-to-lead-to-sale

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