Nestle sells skin health unit for $10 billion


Nestlé said it has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of CHF 10.2 billion.

The company said in a statement that Nestlé Skin Health had net sales of CHF 2.8 billion in 2018.

The proposed transaction will be subject to employee consultations and approval of regulatory authorities and is expected to close in the second half of 2019. The company will provide an update on the use of proceeds and its future capital structure at that time.

Nestlé Skin Health provides science-based solutions to healthcare professionals across prescription, aesthetics and consumer care, patients and consumers. It offers

Headquartered in Lausanne, Switzerland, Nestlé Skin Health employs more than 5,000 people across 40 countries.

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