ConAgra to sell trading, merchandising operations
ConAgra Foods Inc. said today it will sell its commodity trading and merchandising operations to an investment management firm for $2.1 billion so it can concentrate on its core food operations like grocery store brands Healthy Choice frozen dinners and Orville Redenbacher popcorn.
ConAgra Foods Inc. announced Thursday that it planned to sell its commodities trading group to the Ospraie Special Opportunities fund for $2.1 billion in cash and stock.