Nestle : Sale of US Ice Cream: the portfolio transformation continues
>The transformation continues: more focused strategically while remaining diversified operationally - Buy rating maintained. Yesterday evening’s announcement of the sale of the ice cream business in the US to the joint venture Froneri (owned by PAI and Nestlé) sends a very reassuring message on the continuation of the transformation of the group’s portfolio. The recent share price weakness (-6% in the last three months vs +4% for the Stoxx 50) is a good opportuni...Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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