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Investing.com -- Warren Buffett expressed disappointment about the Kraft Heinz split that reverses much of the merger he orchestrated ten years ago.
Buffett told CNBC’s Becky Quick on Tuesday that while the 2015 merger that created the food conglomerate wasn’t a brilliant idea, he doesn’t believe dismantling the company will solve its problems.
Berkshire Hathaway, which owns a 27.5% stake in Kraft Heinz, is the company’s largest shareholder. The investment firm has maintained its position since the merger in 2015.
Greg Abel, who will succeed Buffett as head of Berkshire Hathaway at the end of the year, has also communicated his disappointment to Kraft Heinz, according to Buffett.
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