Nestle says no visibility at this stage on future of L’Oreal stake

Apr 6, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

LAUSANNE, Switzerland (Reuters) – Nestle’s outgoing chairman said on Thursday he could not predict what Nestle would do with its 23 percent stake in French cosmetics group L’Oreal after the termination of an agreement between the Swiss food company and the Bettencourt family, L’Oreal’s biggest shareholder.