Nestle Considers Sale of Two Chinese Units for Over $1 Billion -Bloomberg
October 30 2019 - 1:20AM
Dow Jones News
--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
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(END) Dow Jones Newswires
October 30, 2019 01:05 ET (05:05 GMT)
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