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Campbell to sell Kelsen snacks unit to Ferrero for $300 million

Andy Warhol's Campbell's Soup screenprints. (File photo).
Kirsty Wigglesworth | AP

Campbell Soup said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero for $300 million.

Kelsen makes baked snacks and its brands include Kjeldsens and Royal Dansk.

The company said the process to divest the remainder of Campbell International, including Arnott's biscuit brand, is proceeding.

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