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Nestlé has reached an agreement with Singapore-based Fraser & Neave Holdings Berhad that will see F&N takeover the manufacturing and distribution under licence of Nestlé canned liquid milk products in Thailand, Malaysia, Singapore, Brunei and “some other countries in the region”.

The world’s largest food company said the move was part of its strategy to streamline Nestlé’s product portfolio. The sale will allow Nestlé to further sharpen its focus on value-added branded products, accelerating its expansion in the nutrition, health and wellness category.