Conagra Brands Completes Divesture of Its 51.8% Ownership Stake in Agro Tech Foods Limited

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Aug 28, 2024, 01:30 ET

CHICAGO, Aug. 28, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that all conditions for the previously announced sale by one of its subsidiaries of its 51.8% ownership stake in Agro Tech Foods Limited (ATFL), a food company based in India, have been fulfilled and the transaction has been completed. This transaction is the latest step in Conagra's strategy to continuously reshape its portfolio to maximize shareholder value. Effective with the sale, Conagra Brands no longer consolidates the results of ATFL in its financial statements.

About Conagra Brands

Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, 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. Headquartered in Chicago, Conagra Brands generated fiscal 2024 net sales of more than $12 billion. For more information, visit www.conagrabrands.com.

Forward-Looking and Cautionary Statements

Statements in this press release that are not strictly historical may be "forward-looking" statements within the meaning of the federal securities laws, which involve risks and uncertainties including, among others, those set forth in our most recent Annual Report on Form 10-K and subsequent reports filed with the United States Securities and Exchange Commission. Conagra Brands, Inc. undertakes no responsibility update any such statements, except as required by law.

For more information, please contact:
MEDIA:
Dan Hare
312-549-5355
[email protected]

INVESTORS:
Melissa Napier
312-549-5738
[email protected]

SOURCE Conagra Brands, Inc.