Nestlé in Talks to Sell Skin-Health Business

Date : 05/16/2019 @ 11:33AM
Source : Dow Jones News
Stock : Nestle S.a. (PC) (NSRGY)
Quote : 104.59  -0.52 (-0.49%) @ 9:14PM
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Nestlé in Talks to Sell Skin-Health Business

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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).


--- 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

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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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