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Buffett’s Successor Considers Kraft Heinz Stake Sale, Stock Tumbles

Buffett’s Successor Considers Kraft Heinz Stake Sale, Stock Tumbles

Author:

Global Cryptocurrency

Published:

2026-01-21 18:39:01

25

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BTCCSquare news:

Kraft Heinz shares plunged 6% after Berkshire Hathaway signaled potential divestment of its 27.5% stake. The filing revealed plans to sell up to 325 million shares, compounding existing investor concerns.

Warren Buffett's reported disappointment with Kraft Heinz's corporate split plans now manifests in concrete action. His successor Greg Abel appears poised to unwind what was once a cornerstone investment for Berkshire.

The conglomerate had already written down its Kraft Heinz position by $3.8 billion in Q2. This looming sell-off represents another blow to the packaged food giant struggling to maintain Wall Street's confidence.

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