Nestle sells Givaudan stake as it trims portfolio
date:Dec 09, 2013
ocating its capital, said Vontobel analyst Jean-Philippe Bertschy.

The proceeds could be used for bolt-on acquisitions or a share buyback, said Kepler Cheuvreux analyst Jon Cox.

There has also been market speculation in recent months about whether Nestle will sell a 30 percent stake it has in the world's biggest cosmetics firm, L'Oreal, when restrictions on selling it loosen in April 2014.

Additionally, investors might now see a disposal of the L'Oreal stake as more likely, said Helvea analys
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