Mondelez Is Said to Consider Bid for South Africa’s AVI (1)

Mondelez International Inc. is weighing a bid for South African food and beverage company AVI Ltd., a deal that would help the U.S. multinational extend its presence in Africa, according to people familiar with the matter.

Discussions are underway though there’s no certainty a deal will be reached, said the people, who asked not to be identified as the process is ongoing. Mondelez, which owns Oreo biscuits and Cadbury’s chocolate, may not want to acquire the entire company, one of the people said.

Mondelez declined to comment. AVI didn’t respond to requests for comment.

Shares in AVI, whose brands ...