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Food giant Nestle to buy Pfizer Nutrition for $11.85bn (£7.35bn).23-Apr-2012
The world's biggest food group, based in Switzerland, said its new acquisition was a "perfect complement" to its existing infant food business. It said it expected sales at Pfizer Nutrition, 85% of which are in emerging markets, to be $2.4bn this year. The deal, which had been expected this month, is still subject to regulatory approval. "Pfizer Nutrition is an excellent strategic fit and this acquisition underlines our commitment to be the world's leading nutrition, health and wellness company," said Nestle chief executive Paul Bulcke. Latest jobs in: Executive PA & Secretarial, Sales & Marketing, HR & Training, Legal & Compliance, Office & Administration, Finance & Accounting and Customer Service |
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