Company Announcements

Statement re Nestlé Skin Health

Source: RNS
RNS Number : 2321Z
Nestle SA
16 May 2019
 

 

 

Nestlé Press Release

 

 

 

.......................................

 

 

 

Vevey, May 16, 2019

 

 

 

 

 

Nestlé enters into exclusive negotiations to sell Nestlé Skin Health to a consortium led by EQT and ADIA

 

Nestlé today announced that it has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of CHF 10.2 billion. Nestlé Skin Health had net sales of CHF 2.8 billion in 2018. The proposed transaction will be subject to employee consultations and approval of regulatory authorities and is expected to close in the second half of 2019. The company will provide an update on the use of proceeds and its future capital structure at that time.

 

Nestlé Skin Health provides science-based solutions to meet the specific skin health needs of healthcare professionals, patients and consumers. It offers a range of leading medical and consumer brands through three complementary business units in prescription, aesthetics and consumer care. Headquartered in Lausanne, Switzerland, Nestlé Skin Health employs more than 5,000 people across 40 countries.

 

 

 

 

 

 

 

Contacts

 

Media  Christoph Meier  Tel.: +41 21 924 2200

Investors  Luca Borlini  Tel.: +41 21 924 3509

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
STRUNUVRKVAVARR