ZURICH: Nestle SA ruled out raising its stake in L’Oreal SA, saying it wants to keep all other options open. While the Swiss company said it’s committed to the French cosmetics maker for now, the move could be the prelude to a divestment.
Nestle won’t renew an expiring shareholder agreement with the Bettencourt family, which also owns a stake in L’Oreal, the Nespresso owner said in a statement.
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