Conagra Brands Completes Divesture of Its 51.8% Ownership Stake in Agro Tech Foods Limited
CHICAGO, Aug. 28,2024 /PRNewswire/ -- Today Conagra Brands, Inc.(NYSE: CAG) announced that all conditions for the previouslyannounced sale by one of its subsidiaries of its 51.8% ownershipstake in Agro Tech Foods Limited (ATFL), a food company based inIndia, have been fulfilled and thetransaction has been completed. This transaction is the latest stepin Conagra's strategy to continuously reshape its portfolio tomaximize shareholder value. Effective with the sale, Conagra Brandsno longer consolidates the results of ATFL in its financialstatements.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one ofNorthAmerica'sleading branded food companies. We combine a100-year history of making quality food with agility and arelentless focus on collaboration and innovation. The company'sportfolio is continuously evolving to satisfy consumers'ever-changing food preferences. Conagra's brands include BirdsEye®,Duncan Hines®, Healthy Choice®,Marie Callender's®,Reddi-wip®, Slim Jim®, Angie's®BOOMCHICKAPOP®, and many more.As a corporate citizen, we aim to do what's right for our business,our employees, our communities and the world. HeadquarteredinChicago, Conagra Brands generated fiscal 2024 net sales ofmore than$12 billion. For more information,visitwww.conagrabrands.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictlyhistorical may be "forward-looking" statements within the meaningof the federal securities laws, which involve risks anduncertainties including, among others, those set forth in our mostrecent Annual Report on Form 10-K and subsequent reports filed withthe United States Securities and Exchange Commission.ConagraBrands, Inc. undertakes no responsibility update any suchstatements, except as required by law.
For more information, please contact:
MEDIA:
Dan Hare
312-549-5355
Daniel.hare@conagra.com
INVESTORS:
Melissa Napier
312-549-5738
IR@conagra.com
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