INDIA: Nestle denies talk of higher stake in Indian unit
Nestle "has no plans" to increase stake in Indian unit
Nestle has denied reports it is planning to raise its stake in its Indian arm.
The world's largest food manufacturer holds a 63% stake in Nestle India. According to a report from CNBC-TV18, which cited unnamed sources, the Swiss food group is preparing to invest as much as US$1bn to increase its ownership of the subsidiary.
However, a spokesperson for the company denied the rumours. "We currently have no plans to increase our stake in Nestle India," the spokesperson told just-food.
Nestle has also been linked to further potential investment in the country, with local reports suggesting it is eyeing the takeover of Indian FMCG major Ruchi Soya.
Ruchi manufactures processed soya foods and edible oils. According to the company, it is among the 50 fastest-growing FMCG businesses globally.
Nestle and Ruchi both declined to comment on the speculation.
Nestle (Malaysia) Bhd (NESTLE) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled...
Nestle S.A. - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings an...
Synopsis Canadean's "Nestle SA : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a...
Nestle SA (NESN) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData...
- On the money: Unilever shifting into growth spots
- On the money: Danone denies strategy overhaul
- The just-food interview: Premier Foods CEO Darby
- Comment: Danone could be mulling strategy shift
- Focus: Progress but Campbell faces questions
- Unilever sees lacklustre H1 food sales
- Hovis eyes Leicester bakery closure
- FSA ordered to carry out review on 2 Sisters
- Danone H1 profits down but sticks to FY goals
- Australian dairy innovation "hub" targets Asia