Deals
Nestle May Be Swimming in Cash After CEO’s Biggest Disposal
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Nestle SA Chief Executive Officer Mark Schneider faces a big question once he sells the company’s skincare unit for 10.2 billion Swiss francs ($10.1 billion): What to do with all the money.
The Swiss food giant said Thursday that it expects to conclude the deal, its largest divestment in more than a decade, to investors led by EQT Partners and the Abu Dhabi Investment Authority before the end of the year.