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Nestlé indicates that it has divested its cheese-making operation in Argentina by selling it to a local subsidiary of the Bongrain Group based in France.

​Nestlé Group accelerating growth in 1999.

Nestlé Group announces the sale of two cocoa-processing operations, one in Italy and the other one in Malaysia.

Nestlé S.A. announces that the negotiations with EQT Scandinavia B.V. concerning the sale of the Findus brand and parts of Nestlé's frozen food business in Europe have been successfully concluded.

Nestlé S.A. improved trading profit margin in first half of 1999.

Nestlé S.A has reached an agreement with the Totole Group, the market leader in chicken bouillon in China, to acquire 80 percent of the share capital of Shanghai Totole Flavouring Food Co. Ltd., and Xi'an Totole Flavouring Food Co. Ltd.

Nestlé Group accelerated growth during the first half of 1999.

Nestlé accelerated growth after a slow start and will release Group sales figures for the first quarter of 1999.