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The food giant is streamlining its portfolio.
December 6, 2013
By: Jamie Matusow
Editor-in-Chief
Nestlé is selling its 10 percent stake in Givaudan. The sale is valued at more than $1 billion, and will be accomplished as a private placement to institutional investors. Goldman Sachs is managing the sale. Nestlé acquired the stake in Givaudan through the sale of the food ingredient company FIS in a cash-and-stock deal in 2002.
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