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Bonduelle to acquire Conagra Brands' Canadian processed fruit, vegetable biz

Conagra Brands Inc. agreed to sell its Del Monte processed fruit and vegetable business in Canada to Bonduelle Group, a French company producing processed vegetables, for C$43 million.

The deal is expected to close before the end of May, subject to customary closing conditions.

RBC Capital Markets served as financial adviser to Conagra.