Nestle Considers Sale of Two Chinese Units for Over $1 Billion -Bloomberg

Date : 10/30/2019 @ 5:20AM
Source : Dow Jones News
Stock : Nestle S.a. (PC) (NSRGY)
Quote : 104.91  -1.1 (-1.04%) @ 4:16PM
Nestle S.a. (PC) share price Chart

Nestle Considers Sale of Two Chinese Units for Over $1 Billion -Bloomberg

Nestle S.a. (PC) (USOTC:NSRGY)
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--Nestle SA (NESN.EB) is weighing a sale of two Chinese units, and is seeking over $1 billion for its controlling stakes in the units, Hsu Fu Chi and Yinlu, Bloomberg reported, citing unnamed sources.

--The Swiss food giant may sell only part of its stakes in one or both of the units, which have faced sluggish growth in recent years, according to Bloomberg.

 

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

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

October 30, 2019 01:05 ET (05:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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