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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.7225 | 0.72% | 101.3225 | 101.31 | 101.36 | 101.445 | 101.10 | 101.13 | 73,564 | 15:07:59 |
By WSJ City
Nestlé has entered exclusive negotiations with a consortium led by EQT and a wholly-owned subsidiary of the Abu Dhabi Investment Authority over the sale of its skin-health unit that would value the business at 10.2bn Swiss francs ($10.1bn).
KEY FACTS
--- Nestlé said the sale is expected to close in the second half of the year.
--- It includes face-care products Cetaphil and Proactiv.
--- The company launched the review of its skin-health unit last September.
--- Nestlé established its skin-health unit in 2014 after taking full control of Galderma.
Why This Matters
The move is the latest step in a portfolio shuffle launched by CEO Mark Schneider that has geared the Swiss packaged food giant's product mix toward coffee, plant-based food and vitamins.
A fuller story is available on WSJ.com
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(END) Dow Jones Newswires
May 16, 2019 06:18 ET (10:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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