Nestlé plans to sell skin care unit

Nestlé initiated exclusive negotiations to sell the skin Care division for a group led by EQT Partners for 10.2 billion Swiss francs (US $10.1 billion), in what would be one of the largest private equity deals this year. The conversations with the consortium, which is co-led by the Abu Dhabi Investment Authority, are advanced. The largest food company in the world closes a very disputed process for the sale of the unit that manufactures the moisturizer Cetaphil and Proactiv, for the treatment of acne. The division had revenues of 2.8 billion francs in 2018. Nestlé initiated exclusive negotiations to sell the skin Care division for a group led by EQT Partners for 10.2 billion Swiss francs (US $10.1 billion), in what would be one of the largest private equity deals this year. The conversations with the consortium, which is co-led by the Abu Dhabi Investment Authority, are advanced. The largest food company in the world closes a very disputed process for the sale of the unit that manufactures the moisturizer Cetaphil and Proactiv, for the treatment of acne. The division had revenues of 2.8 billion francs in 2018.