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Nestle in talks to sell skin health unit for $10 billion
short by Shruti Maria Mahendar / on Friday, 17 May, 2019
Nestle has entered exclusive talks to sell its skin health business for $10.1 billion to a consortium led by EQT Partners, a unit of the Abu Dhabi Investment Authority and PSP Investments. The move comes as the food group shifts its portfolio in response to changing consumer demands. Nestle put the skin health unit up for sale last September.
read more at Reuters