Article Date 10/08/2018

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Kraft Heinz shares fall after 3G Capital trims stake

Source CNBC News

The second-largest Kraft Heinz shareholder sold some of its position in the food company.

3G Capital sold 20.6 million shares in Kraft Heinz Tuesday at a price of $59.85 per share, bringing its stake down 7 percent to 270.1 million shares, according to a securities filing.

The private equity firm is the company's second largest shareholder after Warren Buffett's Berkshire Hathaway. After the sale, 3G Capital still has a 22 percent ownership of Kraft Heinz.

Kraft Heinz shares closed down 1.7 percent Wednesday.

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