This is stated in the published on Sunday a joint statement by the companies. From this it follows that Kraft Heinz "has agreed to withdraw its proposal to merge the two companies." The reasons for this step in the document are not specified.

In response to the request TASS to clarify the position of Kraft Heinz its official representative mark Mullen presented the statement, which noted that the interest of the company to acquire Unilever "was announced publicly at an extremely early stage". He pointed out that Kraft Heinz hoped to conclude a deal "on the basis of friendly understanding," but "it became clear that Unilever is not configured for transaction". "It is best to retreat early so both companies could focus on their own independent plans to increase the capitalization", — said Mullen.

On Sunday the newspaper The Wall Street Journal noted that the transaction amount was estimated at $143 billion According to the sources, representatives of Kraft, Heinz and Unilever were in negotiations for about 10 days. In this position, the Anglo-Dutch manufacturer was the fact that the merger does not make sense, given that their business models differ considerably.

About the company:

The headquarters of Kraft Heinz are in American cities of Chicago (Illinois) and Pittsburgh (Pennsylvania). The company is among the largest producers of food products and beverages. Unilever, based in Rotterdam and London. It is also one of the world's largest food companies.

www.kraftheinzcompany.com