South Africa's Bakers biscuit owner AVI in deal talks with Oreo maker Mondelez

South African food producer and fashion retailer AVI Ltd said on Wednesday it is in talks with Oreo cookie maker Mondelez International regarding a potential sale of its snacks and biscuits business. The Choice Assorted biscuits maker had been hinting since September that it had entered into negotiations, without providing a name of the other party or any details.

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