Kraft Heinz launches sale of baby food unit - sources

MILAN (Reuters) - U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to the matter said.Private equity firms and food groups are looking at the business, both sources said, adding it could be worth about 700 million euros (603.4 million pounds).Another source said PAI Partners was among investors expected to present a preliminary bid, adding that rival private equity firm Cinven could also..