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Mondelez to buy Ricolino for $1.3 billion -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Mondelez International’s logo can be seen in the building of the company, Zurich on November 14 2012. REUTERS/Michael Buholzer/File Photo

(Reuters) – Mondelez International Inc (NASDAQ:) Monday’s announcement by Grupo Bimbo that it has entered into an agreement to buy Ricolino confectionery company for $1.3 billion was a sign of confidence.

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