Nestle SA is in exclusive talks with a consortium led by private equity firm EQT Partners for a sale of its skin health unit, according to a source familiar with the matter.
EQT is putting the finishing touches to the deal, which would value the unit at up to $10 billion and could be signed in the next 24 hours, the source said.
Nestle and EQT declined to comment. The Financial Times reported about the deal talks earlier in the day.
By Pamela Barbaglia and Maria Ponnezhath
Source: Reuters
Tetra Pak is embarking on a new strategic collaboration with connected factory worker platform Poka to accelerate zero waste processes in food manufacturing plants. By reducing downtimes, Tetra Pak aims to contribute to the UN Sustainable Development Goal 12: Responsible consumption and production.
Stipulated in a Royal Decree on packaging and waste, the measures will also seek to restrict the use of plastic bottles for water, according to sources revealed by national news organization El País. If ratified, the rulings will impact small retailers and supermarkets alike.
Celoni will join Asahi Beverages from PepsiCo, where he is CEO of the company’s Australia, New Zealand and South Pacific business. He will assume the CUB chief executive role in February, succeeding Peter Filipovic.
