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MILAN: Italian chocolate giant Ferrero said Monday it was buying the biscuit businesses of the American Kellogg Company for $1.3 billion (1.16 billion euros).
"The Ferrero Group... will acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg Company," which generated sales of approximately $900 million in 2018, it said.
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