Deals
General Mills Eyes $3 Billion Sale of Progresso Soup, Hamburger Helper
- Company is working with financial adviser Goldman Sachs
- Food giant seeks to raise around $3 billion from divestment
General Mills Inc. brand Progresso soup.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
Food giant General Mills Inc. is weighing selling a portfolio of brands including Progresso soup and Helper, according to people with knowledge of the matter.
General Mills is working with Goldman Sachs Group Inc. as it explores the potential divestiture, which also includes some smaller brands, the people said. The company is targeting to raise around $3 billion from the sale, according to the people, who asked not to be identified because the information is private.