To Press Releases listVevey,Apr 13, 2006
Nestlé has concluded discussions for the creation of a new fund to be called W. Health, announced in autumn of 2005. This fund will invest in companies active in health, well-being and nutrition as an external complement to Nestlé's own well-developed internal research and development competencies.
This investment will reinforce Nestlé's competitive position in nutrition in our strategic areas of food, beverages and pet care.
The fund will be managed by an independent partnership constituted by Mr. Wolfgang Reichenberger, Nestlé CFO until the end of 2005, and Dr. Gunnar Weikert, founder of Inventages. Nestlé has committed funds of EUR 500 million, with the possibility of increasing this sum.
As announced in September 2005, the fund is intended to help Nestlé grow promising new businesses in the area of science-based nutrition and accelerate its progress to a company delivering nutrition, health and well-being products in food, beverages and pet care.
Media: François-Xavier Perroud Tel.: +41-21-924 2596
Investors: Roddy Child-Villiers Tel.: +41-21-924 3622