--Nestle SA has chosen a handful of private-equity and consumer-goods firms to participate in the next round of bidding for its skin-health business, Bloomberg reports, citing unnamed sources.

--Among the companies Nestle has selected are private-equity firms KKR & Co. and EQT Partners, consumer-goods firms L'Oreal SA and Unilever NV, and a consortium including Singapore's GIC sovereign-wealth fund, Cinven and Advent International, Bloomberg writes.

--Nestle could generate between $8 billion and $10 billion from the sale, making its skin-health unit the largest acquisition target in Europe this year, according to data compiled by Bloomberg.

Full story: https://bloom.bg/2CjwNdp

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(END) Dow Jones Newswires

March 13, 2019 03:34 ET (07:34 GMT)

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