An update on General Mills Joint Venture in Israel

General Mills today announced that it has sold its stake in its joint venture in Israel, which principally markets dough products, to Bodan Holdings, its prior joint venture partner.  This divestiture represents another step in General Mills’ Accelerate strategy, which is centered on strategic choices about where to prioritize our resources to drive superior returns.  Internationally, the strategy includes efforts to reshape the company’s portfolio for sustainable, profitable growth by increasing its focus on advantaged global platforms, which include Mexican food, super-premium ice cream and snack bars. The divestiture follows our earlier announcement of the proposed sale of our European dough business.