General Mills completes sale of Brazil business to 3corações

General Mills completed the sale of its Brazil business to 3corações.

The deal covers local food brands such as Yoki and Kitano, along with related supply chain facilities.

The move advances a portfolio reshaping strategy focused on brands with stronger profitable growth prospects.

Since fiscal 2018, the group has rotated about one-third of its net sales base via acquisitions and divestitures.