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Nestlé may divest assets of Pfizer nutrition

Zoom in font  Zoom out font Published: 2012-04-27  Views: 202
Core Tip: Swiss food company Nestlé, which entered into an agreement to acquire Pfizer's nutrition business for $11.85bn, may sell 10% to 15% of the business to overcome antitrust issues.
 Swiss food company Nestlé, which entered into an agreement to acquire Pfizer's nutrition business for $11.85bn, may sell 10% to 15% of the business to overcome antitrust issues.

 

Nestlé may have to divest divisions in countries such as Australia, Thailand and Venezuela. Consumer product companies and private equity funds may be interested in acquiring the assets, reported Bloomberg.

Nestle spokesman Robin Tickle said that it was premature to comment on and prejudge the decisions of the regulatory authorities.

Nestlé won over companies such as Danone, Mead Johnson, to strike a deal to acquire Pfizer Nutrition, which generates 85% of its sales in emerging markets. This acquisition is Nestlé's biggest till date.

Following the acquisition, Nestlé plans to combine Pfizer Nutrition's brands like S-26 Gold, SMA and Promil with its existing portfolio of brands such as Nan, Gerber, Lactogen, Nestogen and Cerelac infant cereal. 

 
 
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