Uncategorized

Nestle revamp advances with $10 billion sale of skin health unit to buyout funds

Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/OQKtPi8w3h4/nestle-revamp-advances-with-10-billion-sale-of-skin-health-unit-to-buyout-funds-idUSKCN1SM0EI