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Company News

Kraft Heinz writes down several businesses by $2.9 billion

CHICAGO, July 30 (Reuters) - Kraft Heinz Co on Thursday wrote down the value of several businesses - including its Oscar Mayer deli meat brand and Canadian retail unit - by about $2.9 billion.

Due to the impairment charges, the company reported a second-quarter loss attributable to common shareholders of $1.65 billion, or $1.35 per share. (Reporting by Richa Naidu; editing by Jason Neely)

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