A Brazilian hedge fund, 3G, joins Berkshire Hathaway in purchasing H. J. Heinz Co., the maker of ketchup.

A Brazilian hedge fund, 3G, has joined Berkshire Hathaway Corp. in the purchase of H. J. Heinz Co., the maker of Heinz Ketchup.    3G is an investment vehicle owned by Jorge Paulo Lemann, who is thought to be the richest man in Brazil.    3G already owns Burger King.  According to William Ackman, an investor in Burger King, 3G are among the worlds best operators of businesses.  The headquarters of H. J. Heinz will remain in Pittsburgh, PA.  However, 3G is expected to assert an active role in management.  Berkshire Hathaway appears set to play the role of passive investor.  Berkshire’s interest will include preferred shares in H. J. Heinz yielding 9% interest.

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I am the manager of Corcovado Press, which publishes works in English on Brazilian themes. We do not accept unsolicited manuscripts.
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