Nestle to acquire Wyeth Nutrition Malaysia for RM165mil

PETALING JAYA: Nestle (M) Bhd’s wholly-owned subsidiary Nestle Products Sdn Bhd has proposed to acquire Wyeth Nutrition (M) Sdn Bhd (Wyeth Malaysia) for RM165mil.

Nestle, in a statement, said Nestle Products entered into a conditional share purchase agreement with Wyeth (Hong Kong) Holding Company Limited (Wyeth HK) for the proposed acquisition of 1.96 million ordinary shares in Wyeth Malaysia. This represents a 100% equity in Wyeth Malaysia.