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Kellogg Pulls Out of Crisis-Hit Venezuela

U.S.-based food company Kellogg said on Tuesday it had pulled out of Venezuela due to its brutal economic crisis, the latest business to end operations in the oil-rich nation heaving under hyperinflation and strict price controls. "In December of 2016, Kellogg deconsolidated its Venezuela business from the company's results. The current economic and social deterioration in the country has now prompted the company to discontinue operations," Kellogg said in a...

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