Hershey and Nestle are among the final bidders for the Polish business Kraft Foods is selling as part of its takeover of Cadbury, according to reports.

E. Wedel is one of a number of Polish and Romanian Kraft agreed to sell to win EU clearance for its GBP11.9bn (US$17.51bn) acquisition of Cadbury.

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It is understood that Kraft has shortlisted potential buyers to six, including two buyout firms and four strategic players, Dow Jones Newswires reported yesterday (9 June). Final bids are due by the third week of June.

Private-equity firms include Bridgepoint and Advent International, along with Nestle and Hershey.

According to Dow Jones Newswires, Ukrainian confectioner Roshen may no longer be in the running.

Wedel is said to be valued at between EUR200m (US$242.4m) and EUR300m.

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