Mondelez buys majority of Vietnamese snacks company

Mondelez International will pay $370 million for a majority stake in Kinh Do Corp., a leading snacks business in Vietnam.

The Deerfield-based cookie, candy and snack-food maker will control 80 percent of Kinh Do.

Kinh Do makes snack cakes, biscuits and crackers that Mondelez says will complement its Oreo, Cadbury and Ritz brands.

Read more at Newsfeed.