<div id="readability-page-1"><div> Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that had been created in 2019 when it sold an initial stake in Herta to Casa Tarradellas had come to an end. Nestle first put Herta charcuterie, the cold cuts and meat-based products unit, under strategic review as it no longer fitted with the company's strategic focus on healthy nutrition and plant-based offerings.Nestle currently has water and vitamins businesses under review and new CEO Philipp Navratil has ordered a portfolio-wide review that could see brands sold or partnered off as the world's largest packaged food company looks to focus on fast-growing areas.</div></div>

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Nestle has sold its remaining 40% stake in Herta Foods to Casa Tarradellas, ending their joint venture. The sale aligns with Nestle's strategic shift towards healthy nutrition and plant-based products. Nestle is reviewing its portfolio, including water and vitamins businesses, under new CEO Philipp Navratil, to focus on fast-growing areas.

Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture