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Nestle Completes Sale of Remaining Herta Stake

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.

GuruFocus·
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GuruFocus·
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Weight-loss pill approval set to accelerate food industry product overhauls

The approval of GLP-1 weight-loss pills is expected to drive changes in the food industry, with companies adapting to consumer preferences for high-protein, GLP-1 friendly products and smaller portions. Analysts predict long-term shifts in demand as more Americans opt for the pills over injections. Food companies like Conagra and Nestle are already adjusting their offerings, while restaurants are updating menus to cater to GLP-1 users. The Cornell study shows reduced spending at grocery stores and restaurants among GLP-1 users, indicating broader market changes.

Reuters·
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Deals of the day-Mergers and acquisitions

Several major mergers and acquisitions were reported: Nestle sold its 40% stake in Herta Foods to Casa Tarradellas; ServiceNow will acquire Armis for $7.75 billion; IMG will acquire Assist America; Orsted sold a 55% stake in a wind farm to Cathay; Akdital will buy Taoufik Hospitals for $90 million; SOCAR acquired a power plant in Turkey for $225 million; Samsung Electronics will acquire ZF Friedrichshafen's unit for $1.8 billion; ART will buy a 20% stake in Westfield Sydney for A$864 million.

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

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.

Reuters·
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Reuters·
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Nestle's stake in L'Oreal is a financial investment, Nestle CEO says

Nestle CEO Philipp Navratil stated that the company's stake in L'Oreal is a financial investment, regularly reviewed but with no new developments. Navratil emphasized Nestle's goal of achieving 4% organic growth, focusing on innovations in pet food and coffee. The company plans to review its water business and vitamins division, seeking strategic partners. These divestitures aim to reduce debt and improve cash flow towards 10 billion Swiss francs.

Reuters·
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