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NSRGY Nestle SA (PK)

100.60
-1.01 (-0.99%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Nestle SA (PK) USOTC:NSRGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.01 -0.99% 100.60 100.30 101.32 101.42 100.15 101.09 499,803 21:27:00

Nestle Chairman Says L'Oreal Sale Is an 'Active' Issue for Board -FT

03/12/2018 9:42am

Dow Jones News


Nestle (PK) (USOTC:NSRGY)
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--A sale of Nestle's stake in the cosmetics form L'Oreal is "something active on the board's agenda", chairman of Nestle's board Paul Bulcke told the Financial Times.

--Nestle will "take the right action at the right time" regarding a potential divestment, Mr. Bulcke told the FT.

--Activist investor Third Point has been pushing the Swiss food and beverage company to sell its 23% stake in L'Oreal and use the proceeds to buy back shares.

 

Full story: https://on.ft.com/2RuXhOJ

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

December 03, 2018 04:27 ET (09:27 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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