Kraft to Sell Polish Confectionary Operations

US food giant Kraft Foods will divest Cadbury’s E. Wedel-branded chocolate and sugar confectionary operations in Poland to Tokyo-based conglomerate Lotte Group.

The terms of the deal have not been disclosed.

Kraft is keeping the remaining Cadbury business in Poland, including the Halls brand and other operations.

In February Kraft paid $19.5bn for the British candy maker.

Lotte Group has annual sales of about $40bn.