Nestlé acquisition of L’Oréal’s 50% stake in Galderma completed

   
To Press Releases listVevey, Switzerland,Jul 8, 2014

As a result of the successful conclusion of the regulatory process and customary closing conditions, Nestlé today completed its acquisition of L’Oréal’s 50% stake in Galderma, as originally announced on 11 February 2014.

Galderma, with approximately 5,000 employees and a presence in 80 countries, will henceforth operate as the pharmaceutical arm of Nestlé Skin Health S.A.

Nestlé Skin Health was formally established on 30 June 2014 as a fully-owned Nestlé subsidiary with its own Board of Directors comprising the following members:

  • Peter Brabeck-Letmathe, Chairman
  • Paul Bulcke, Vice-Chairman
  • Humberto C. Antunes, President and CEO
  • Wan Ling Martello
  • Stefan Catsicas

Based in Lausanne, Nestlé Skin Health is a global leader focused on enhancing the quality of life by delivering science-based solutions for the health of skin, hair and nails.

 


Contacts:

Media        Robin Tickle   Tel.: +41 21 924 22 00  
Investors                         Tel.: +41 21 924 35 09  

 

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