Bloomberg: Kellogg to Buy $450 Million Multipro Stake to Grow in Africa

Bloomberg - Kellogg Co. agreed to buy a 50 percent stake in Nigerian food distributor Multipro for $450 million and is creating a joint venture with Tolaram Africa to help expand on the continent. Chief Executive Officer John Bryant said in the statement that sub-Saharan Africa is a "tremendous opportunity" for Kellogg, with a population of almost 1 billion and an economy expected to more than double in the next 10 years.  Click through the following link to read the full article: Kellogg to Buy $450 Million Multipro Stake to Grow in Africa

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