--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

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(END) Dow Jones Newswires

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

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