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Kraft Foods has announced the split of its operations into two independently listed companies, a process due to be completed on 1 October 2012. Kraft Foods Inc will spin off its North American grocery business under the name of Kraft Foods Group, while on the same date it will change its name to Mondelez International Inc and proceed as a global business concentrating on snacks, such as biscuits, chocolate, gum and sugar confectionery.
