Nestle to Sell $1B in Latin American Assets

“Nestle SA (NESN) is working with Rothschild to sell Latin American assets valued at more than $1 billion to win regulatory approval for its purchase of Pfizer Inc. (PFE)’s nutrition unit, three people with knowledge of the matter said.

The company, based in Vevey, Switzerland, is in the early stages of a process to sell the Latin American assets, said one of the people, who asked not to be named because the plans are private. The assets may draw interest from H.J. Heinz Co. (HNZ), Danone (BN) SA, Abbott Laboratories (ABT), Mead Johnson Nutrition Co. (MJN) and Grupo Lala SA, two people said….”

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