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Nestlé Looks To Sell Controlling Stakes In Chinese Beverage Company

October 31, 2019: 12:00 AM EST

Bloomberg reports that Nestlé S.A. may sell its controlling stake in two Chinese brands: Hsu Fu Chi, a local confectionery firm, and Yinlu, a beverage producer. Nestlé in 2011 padid approximately $1.7 billion for a 60 percent stake in Hsu Fu Chi, and $1.5 billion for a 50 percent interest in Yinlu. Nestlé acquired all of Yinlu in 2018. The company wants to sell its controlling stake in the two companies for more than $1 billion.[Image Credit: © yinlu]
Eric Schroeder, "Nestlé pondering sale of two Chinese brands", Food Business News, October 31, 2019, © SOSLAND PUBLISHING COMPANY
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