Wednesday, 19 June 2019

Tag Archives: Nestle

Nestle in talks with EQT Partners-led consortium

Nestle SA is in exclusive talks with a consortium led by private equity firm EQT Partners for a sale of its skin health unit, according to a source familiar with the matter. EQT is putting the finishing touches to the deal, which would value the unit at up to $10 ...

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Indian SC revives class action law suit against Nestle

Maggi, Nestle India’s single-largest revenue earner, was banned by India’s food safety regulator FSSAI in June 2015 for six months across the country after a local food inspector in the Shahjahanpur district of Uttar Pradesh reported an excess of lead, ash, and monosodium glutamate (MSG) during a sample check. The ...

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Nestle recalls batch of Alfamino infant formula in Germany

ZURICH: Nestle has recalled a batch of its Alfamino amino acid specialist infant formula in Germany, saying a number of the products have a substantially increased dose of minerals that could make children sick. “A baby that consumes a product from amongst these few (faulty) tins, can become sick with ...

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Nestle raises stake in food allergy drug developer Aimmune

LONDON: The health science arm of Nestle SA will pay $98 million to raise its stake in Aimmune Therapeutics Inc, the drug developer said, as it prepares to submit a marketing application for its peanut allergy drug by the end of the year. The deal raises Nestle’s stake to about ...

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