Nestle Completes Sale of Remaining Herta Stake
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Nestle has completed the sale of its remaining 40% stake in Herta Foods to Casa Tarradellas, ending their joint venture. This move aligns with Nestle's strategic focus on healthy nutrition and plant-based products. The sale reflects Nestle's portfolio discipline and intention to concentrate on faster-growing areas. The company is also reviewing its water and vitamins businesses under new CEO Philipp Navratil.
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