PETALING JAYA: Nestle (M) Bhd
’s holly-owned subsidiary Nestle Products Sdn Bhd has entered into a conditional share purchase agreement with Wyeth (Hong Kong) Holding Company Ltd for the proposed acquisition of 100% stake in Wyeth Nutrition (M) Sdn Bhd for RM165mil.
The acquisition, which is subject to regulatory requirements and shareholders’ approval as it is a related party transaction, Nestle stated yesterday.
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