26 Apr 2022 --- Mondelēz International has entered into an agreement with Grupo Bimbo to acquire its confectionery business, Ricolino, for approximately US$1.3 billion. Ricolino is a growing business with a leading confectionery position in Mexico. The transaction, which is subject to customary closing conditions, will be funded through an issuance of debt and cash on hand and is expected to close in late Q3 or early Q4, 2022. It is anticipated to help boost Mondelēz International’s business in the high-priority Mexico market to accelerate growth and scale in core snacking categories.
