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Story summary
- Berkshire Hathaway, under new CEO Greg Abel, plans to divest its 27.5% stake in Kraft Heinz, valued at about $7.3 billion.
- The decision follows a $3.8 billion writedown last year as Kraft Heinz shares have fallen about 70% since the 2015 merger.
- Kraft Heinz plans to split into two companies by late 2026, a restructuring that Warren Buffett has criticized as unlikely to resolve underlying issues.
