Nestle Sells 60% Stake in Herta to Create JV With Casa Tarradellas
December 20 2019 - 1:37AM
Dow Jones News
By Carlo Martuscelli
Nestle SA (NESN.EB) said Friday that it will sell a 60% stake in
its Herta brand to Span's Casa Tarradellas in order to create a
joint venture.
The Swiss food and drink conglomerate said that it will,
however, retain Herta's existing vegetarian line of products. The
joint venture will be incorporated in Spain, and will include
Herta's charcuterie and dough business.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
December 20, 2019 01:22 ET (06:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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