Press Release: Nestle: Nestlé in exclusive negotiations for the sale of Davigel

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   April 15, 2015 01:15 ET (05:15 GMT)- - 01 15 AM EDT 04-15-15

-2 of 2- 15 Apr 2015 05:15:00 UTC  Press Release: Nestle: Nestlé in exclusive negotiations for the sale of Davigel

Nestlé S.A. / Nestlé in exclusive negotiations for the sale of Davigel . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

This press release is also available in French (pdf): http://www.nestle.com/asset-library/Documents/Media/press-release/2015-april/exclusive-negotiations-davigel-FR.pdf and German (pdf): http://www.nestle.com/asset-library/Documents/Media/press-release/2015-april/exclusive-negotiations-davigel-DE.pdf

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Vevey, 15 April 2015 - On 14 November 2014, Nestlé announced that it was exploring strategic options for the development of its subsidiary Davigel, a leading provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe as part of its on-going portfolio review.

Nestlé has today announced that it has entered into exclusive negotiations for the sale of Davigel with the Brakes Group, a leading European food service operator owned by the private equity manager Bain Capital.

The transaction is subject to consultations with the relevant works councils and the approval of the competition authorities. Financial details are not being disclosed.

Contacts

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

Investors: Steffen Kindler Tel.: +41 21 924 35 09

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Nestlé S.A. via Globenewswire

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Nestlé S.A.

Avenue Nestlé 55 Vevey Switzerland

WKN: 887208;ISIN: CH0038863350;

http://www.nestle.com (END) Dow Jones Newswires

   April 15, 2015 01:15 ET (05:15 GMT)- - 01 15 AM EDT 04-15-15