Kraft Foods has appointed HSBC to sell Cadbury's Polish business and French bank BNP Paribas to look after the disposal of the Dairy Milk maker's Romanian assets.
The US manufacturer committed to the sale of both European businesses during its controversial takeover of Cadbury, when the European Commission raised concerns about what the competitive impact of the deal on EU markets.
The sales of the Polish and Romania businesses are expected to generate around €500m (£438m), according to The Sunday Telegraph.
The Polish business, Cadbury-Wedel Polska, was sold to PepsiCo for around $600m (£39m) in 1991. Sales grew to around $200m a year before Cadbury Schweppes bought the company for $76.5m.
Cadbury Schweppes bought a 93% stake in Kandia-Excelent, Romania's second-largest confectionery company, in 2007.
It ranks second in the country's chocolate market with a 24% market share and has almost a third of the national sweets market.
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