Nestle have sold their skin care business for $US10 Billion ($AU15 Billion).
Nestle will provide an update on how it will use the proceeds and its future capital structure after the deal closes.
Schwendimann said Nestle was under no pressure to announce a new share buyback given that the current one runs until the end of the year.
The important point here is analysts thought they would only get $7b and it looks like they will get $10. Market is hungry for growth assets and we (a2) have one of the fastest growing / cheapest growth assets in the category
Good times ahead IMHO.
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Nestle all cashed up after skin care sale
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