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Nestle makeover advances with US$10 milliard sale of skin health unit

17.05.2019 16:11 "Agro Perspectiva" (Kyiv) Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2billion Swiss francs (US$10.1milliard), as the food group shifts its portfolio in response to changing consumer demands, Reuters says referring to the Nestle report. As to the report, the proposed transaction with private equity firm EQT, a unit of the Abu Dhabi Investment Authority and PSP Investments is expected to close in the second half of 2019pending regulatory approval. It is to be reminded, Nestle Chief Executive Mark Schneider put the skin health unit up for sale last Sept as the group moved to ditch underperforming businesses, following years of slowing growth as many consumers favored fresh foods over packaged goods.

Agro Perspectiva

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17.05.2019
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14:31 FAO, Korea Telecom team up to advance digital agricultural innovation
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