Talks between Unilever and Kraft Heinz over a possible merger of parts of their food businesses have ended, according to a report by the Financial Times.

The discussions had explored combining Unilever's food division with Kraft Heinz's condiments unit, a move that could have created a massive new company worth tens of billions of dollars.

The proposed deal would have brought well-known brands like Hellmann's mayonnaise and Heinz ketchup under one roof.

However, people familiar with the matter said the companies have now stopped negotiations as both face weaker demand for packaged foods due to ongoing economic uncertainty.

Neither company gave a public comment when asked about the........

© International Business Times