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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle Agrees to Sell Yinlu Food Businesses in China

11/25/2020 | 02:01am EST

By Olivia Bugault

Nestle SA said Wednesday that it has agreed to sell its Yinlu peanut-milk and canned-rice-porridge businesses in China to Food Wise Co. for an undisclosed amount.

Under the agreement, Nestle unit Yinlu's five factories located in the Chinese cities of Fujian, Anhui, Hubei, Shandong and Sichuan will be sold to Food Wise, which is controlled by the family of Yinlu's founder Chen Qingshui, Nestle said.

The deal should close by the end of the year, the Swiss food-and-beverage giant said. "As part of the transaction, Nestle will retain its ready-to-drink Nescafe coffee business and distribute the products across most of the Greater China region," the company said.

Yinlu--in which Nestle acquired a 60% stake in 2011--had sales of 700 million Swiss francs ($768.4 million) in 2019.

"The transaction allows Nestle to focus on key categories in China: infant nutrition, confectionery, coffee, culinary, dairy and pet care, capitalizing on the company's strong brands, digital capabilities and innovation engine to drive growth," the company said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

11-25-20 0200ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.66% 101.02 Delayed Quote.-3.11%
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More news
Financials
Sales 2020 84 954 M 95 930 M 95 930 M
Net income 2020 11 769 M 13 290 M 13 290 M
Net Debt 2020 30 353 M 34 275 M 34 275 M
P/E ratio 2020 24,7x
Yield 2020 2,70%
Capitalization 281 B 318 B 318 B
EV / Sales 2020 3,67x
EV / Sales 2021 3,67x
Nbr of Employees 291 000
Free-Float 93,5%
Chart NESTLÉ S.A.
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Nestlé S.A. Technical Analysis Chart | NESN | CH0038863350 | MarketScreener
Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 115,94 CHF
Last Close Price 101,02 CHF
Spread / Highest target 28,7%
Spread / Average Target 14,8%
Spread / Lowest Target -6,95%
EPS Revisions
Managers and Directors
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Head-Operations & Executive Vice President
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer & Executive VP
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