Kraft Heinz Co is considering a sale of children’s energy drink brand Complan in India, which could fetch about $1 billion, according to people familiar with the matter, reported Bloomberg.

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According to the report, Kraft Heinz is working with an adviser to gauge interest in the business, which could attract local companies and private equity firms, said the people, who asked to not be identified because the matter isn’t public.

The report said, deliberations are at an early stage and Kraft Heinz could decide to keep the business.

Kraft Heinz is bringing Complan to market as UK pharmaceutical firm GlaxoSmithKline Plc weighs selling its stake in its Indian consumer health subsidiary, which owns malted milk drinks brand Horlicks.

Kraft Heinz bought Complan from Glaxo in 1994.

First Published:Jun 18, 2018 10:55 PM IST