Finance

Berkshire Has No Plans for Kraft Heinz Stake With Split Halted

Kraft Heinz Ketchup

Photographer: Michael Nagle/Bloomberg

Berkshire Hathaway Inc. Chief Executive Officer Greg Abel said the conglomerate has no immediate plans to alter its stake in Kraft Heinz Co. after the food company paused its plans to split in two.

Kraft Heinz CEO Steve Cahillane surprised investors last month when he announced he would suspend that work and would instead invest $600 million on developing new products and lowering some prices.