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Nestle Sells Its Stake in Givaudan

The food giant is streamlining its portfolio.

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By: Jamie Matusow

Editor-in-Chief

Nestlé is selling its 10 percent stake in Givaudan.

The sale is valued at more than $1 billion, and will be accomplished as a private placement to institutional investors. Goldman Sachs is managing the sale.

Nestlé acquired the stake in Givaudan through the sale of the food ingredient company FIS in a cash-and-stock deal in 2002.

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