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0.000137969094922808 0.000137969094922808 -0.00131070640176599 -0.000827814569536455 -0.000827814569536455 -0.000827814569536455 -0.000827814569536455 -0.000827814569536455
Stock impact report

Nestlé Weighs Reducing Exposure to Ice Cream, Revamps Board [Yahoo! Finance Canada]

Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Deliberations are ongoing and there's no certainty a deal will eventually materialize. PAI could opt to increase its stake in Froneri if Nestlé decides to cut its holding, or the Swiss group could sell part of its Froneri stake to another investor like the Abu Dhabi Investment Authority, according to some of the people. Representatives for Nestlé and ADIA declined to comment, while a spokesperson for PAI didn't respond to queries. Nestlé had long been known as one of the world's largest ice cream makers until Froneri took over most of the business. The Swiss food company still sells ice cream in some local markets that are not part of Froneri. PAI raised billions last year to be able to hold on to Froneri for longer. ADIA came in as a new minority investor at the time, in a deal that valued the firm at about €15 billion ($17.7 billion) including debt. Shares of Nestlé are close to their lowest level in eight years and before Wednesday had dropped about 40% from a peak in 2022 Show less Read more
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