General Mills to Sell its Business in Brazil

General Mills, Inc. (NYSE: GIS) today announced it has entered into a definitive agreement to sell its business in Brazil to 3corações. The proposed transaction, which includes a portfolio of leading local brands including Yoki and Kitano, is expected to close by the end of calendar 2026, subject to receipt of requisite regulatory approvals and other customary closing conditions.

The sale reinforces General Mills’ priority to reshape its portfolio to generate long-term profitable growth, in line with its Accelerate strategy. The transaction increases the company’s operating profit margin and enhances the International segment’s focus...

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