date:May 27, 2013
The Chinese Ministry of Commerce has approved the previously announced agreement of Heinz takeover by an investment consortium comprised of Berkshire Hathaway and 3G Capital.
The transaction, which remains subject to certain customary closing conditions, including receipt of remaining regulatory approvals, is now expected to be completed in early- to mid-June.
Heinz has received regulatory approval in the US, Brazil, India, South Korea, Japan, Israel, Mexico, South Africa and Ukraine, and othe