Nestlé has launched the sale of its total shareholding in Givaudan (926,562 shares) by an institutional private placement to investors through an accelerated bookbuilding transaction. The bookbuilding is underway and the results of the placement will be announced after the process has been completed. The placement is being managed by Goldman Sachs.
Nestlé acquired the shares when it sold the food ingredient company FIS to Givaudan for a combination of cash and stock in 2002. Nestlé has been very satisfied with its holding but believes now is the appropriate time to divest.
For more information, contact Corporate Communications on firstname.lastname@example.org or call +41 21 924 2200.