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.
Nestle SA is in exclusive talks with a consortium led unit, a source familiar with the matter tells Reuters.
The unit was put up for sale last September, as Nestle tries to ditch underperforming businesses in an effort to fend off criticism from an activist investor demanding an overhaul. 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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nestle CEO: We have a lot to show in the vegan burger marketNestle CEO Mark Schneider explains the company's plans to roll out plant-based food in Europe and the United States.
Read more »
GM In Talks To Sell Ohio Plant To EV Truck Venture WorkhorseGM said it is in talks to sell its shuttered Lordstown Ohio plant to EV truck maker Workhorse, a development that will give Donald Trump a short-term political bump in swing state Ohio.
Read more »
Under pressure from Trump, GM in talks to sell idled Ohio plantUnder pressure from President Donald Trump, General Motors Co said on Wednesday ...
Read more »
GM In Talks to Sell Ohio Plant, Drawing Praise From TrumpGeneral Motors said it is in talks to sell its shuttered assembly plant in Lordstown, Ohio, to an electric-truck maker, a development that drew praise from President Trump for creating jobs in the politically pivotal state.
Read more »
'Game of Thrones' star Maisie Williams used to 'hate herself,' she revealed in mental health talk'It got to me a lot, because there's just a constant feed in your back pocket of what people think of you.'
Read more »
Nestle CEO: We have a lot to show in the vegan burger marketNestle CEO Mark Schneider explains the company's plans to roll out plant-based food in Europe and the United States.
Read more »
Novant Health is doubling down on its digital health initiativesNovant Health is joining a rank of other health firms doubling down on efforts to streamline and build out digital offerings:
Read more »
Coca-Cola gained control over health research in return for funding, health journal saysResearchers at the University of Cambridge examined documents related to research at public universities that was backed by the soda giant.
Read more »
Venture-backed health-insurance startup Bright Health is plotting a major expansion into 5 new statesBright Health partners with hospital systems to sell health plans to individuals and seniors. The startup has been growing rapidly.
Read more »