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NSRGY Nestle SA (PK)

100.56
-0.64 (-0.63%)
Last Updated: 18:35:13
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
  -0.64 -0.63% 100.56 100.54 100.58 101.93 100.47 101.90 273,056 18:35:13

Nestle Sells 60% Stake in Herta to Create JV With Casa Tarradellas

20/12/2019 6:37am

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Nestle (PK) (USOTC:NSRGY)
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By Carlo Martuscelli

 

Nestle SA (NESN.EB) said Friday that it will sell a 60% stake in its Herta brand to Span's Casa Tarradellas in order to create a joint venture.

The Swiss food and drink conglomerate said that it will, however, retain Herta's existing vegetarian line of products. The joint venture will be incorporated in Spain, and will include Herta's charcuterie and dough business.

 

Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu

 

(END) Dow Jones Newswires

December 20, 2019 01:22 ET (06:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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