Buffett: Unilever bid not hostile

WARREN BUFFETT has said Kraft Heinz will not make another takeover offer for Unilever, arguing the US food giant had not meant its £115bn swoop to be hostile.

Mr Buffett, whose Berkshire Hathaway business owns Kraft Heinz together with Brazilian private equity outfit 3G, told CNBC: “That was a misunderstanding … we will not make hostile takeover offers.”

When asked whether

Kraft Heinz was interested in buying Mondelez, Mr Buffett said: “The answer is no.”