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Chobani Said Working With Goldman Sachs to Seek Stake Sale

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Chobani LLC, the Greek-yogurt maker founded by billionaire Hamdi Ulukaya, is working with Goldman Sachs Group Inc. to explore the sale of a minority stake in the business, according to a person familiar with the situation.

Chobani is looking for an investment from a company that could help increase distribution and production as it looks to meet rising demand for its products, said the person, who asked not to be named because the information is private. The deal may involve a buyout of private equity firm TPG’s stake in the company, the person said.