CHICAGO, Aug. 28,
2024 /PRNewswire/ -- Today Conagra Brands, Inc.
(NYSE: CAG) announced that all conditions for the previously
announced sale by one of its subsidiaries of its 51.8% ownership
stake in Agro Tech Foods Limited (ATFL), a food company based in
India, have been fulfilled and the
transaction has been completed. This transaction is the latest step
in Conagra's strategy to continuously reshape its portfolio to
maximize shareholder value. Effective with the sale, Conagra Brands
no longer consolidates the results of ATFL in its financial
statements.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North
America's leading branded food companies. We combine a
100-year history of making quality food with agility and a
relentless focus on collaboration and innovation. The company's
portfolio is continuously evolving to satisfy consumers'
ever-changing food preferences. Conagra's brands include Birds
Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®,
Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more.
As a corporate citizen, we aim to do what's right for our business,
our employees, our communities and the world. Headquartered
in Chicago, Conagra Brands generated fiscal 2024 net sales of
more than $12 billion. For more information,
visit www.conagrabrands.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly
historical may be "forward-looking" statements within the meaning
of the federal securities laws, which involve risks and
uncertainties including, among others, those set forth in our most
recent Annual Report on Form 10-K and subsequent reports filed with
the United States Securities and Exchange Commission. Conagra
Brands, Inc. undertakes no responsibility update any such
statements, except as required by law.
For more information, please contact:
MEDIA:
Dan Hare
312-549-5355
Daniel.hare@conagra.com
INVESTORS:
Melissa Napier
312-549-5738
IR@conagra.com
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SOURCE Conagra Brands, Inc.