SWX:NESNFood
Nestlé (SWX:NESN) Sells Vitamins Unit So Is The Stock Fully Valued
Nestlé (SWX:NESN) has agreed to sell its mainstream vitamins, minerals and supplements portfolio, known as the Holistic Health portfolio, to Yellow Wood Partners for $1b. The deal focuses Nestlé on premium, science led VMS assets.
At a share price of CHF78.63, Nestlé’s short term share price return has been slightly positive year to date at 2.86%, while the 1 year total shareholder return of 9.54% contrasts with declines over the 3 and 5 year total return periods. Recent portfolio moves...