Kraft Foods has purchased 1.4m of its shares from parent group Altria for a total of US$46.5m, or about $32.09 per share.


In a filing with the US Securities and Exchange Commission the food company said that the purchase came in anticipation of the food group’s spin-off from Altria. Kraft is due to be separated from its parent company at the end of the month.


The per share price represented the average of Kraft’s high and low price on 1 March, when the transaction was completed.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now