Cadbury owner to sell its popular Terrys brand chocolate

Mondelez International Inc, the owner of the Cadbury chocolate brand, has engaged bankers to explore the sale of a number of confectionery products including Terry's Chocolate Orange and Terry's All Gold, reported Sky News.

According to the report, of late Mondelez has realised that Terry’s brand chocolate is not its core business.

The group is planning to sale products in parts of United Kingdom, France, Spain and the Netherlands.

Terry’s which has its route back in 18th century was bought by Kraft Foods in 1993. And today, the sale is being he sale is being handled by Lazard, the investment bank that led Kraft's takeover of Cadbury in 2010, Sky News said.

And today, the sale is being undertaken by Lazard, the investment bank that led Kraft's takeover of Cadbury in 2010, added Sky News.

Kraft Foods Kraft Foods bought Cadbury for 11.7 billion pounds to create the world's top confectioner and has split its snacks and grocery businesses in 2012.