Nestlé completes its acquisition of Novartis Medical Nutrition

Monday, 02. July 2007 07:30



Vevey, 2 July 2007 - As a result of the successful conclusion of the
regulatory process, Nestlé completed its acquisition of Novartis
Medical Nutrition on 1 July 2007. Consequently, the integration
process of Novartis Medical Nutrition into Nestlé Nutrition will
begin today as approximately 2,000 employees of Novartis Medical
Nutrition, with their specific know-how and expertise, join the
Nestlé Group. Novartis Medical Nutrition is complementary to Nestlé's
Healthcare Nutrition business, and the combination of the two in over
40 countries increases Nestlé's capabilities to satisfy the needs of
consumers with special nutritional requirements.
The regulatory process included concerns expressed by the European
Commission regarding activities in France and Spain. Nestlé's remedy
commitments for these countries, which are minor in value in the
overall context of this transaction, satisfied the Commission's
concerns and will not impact Nestlé's ability to deliver on its
acquisition objectives.
The acquisition propels Nestlé into a strong number two position
globally in the fast-growing and lucrative healthcare nutrition
market, helping to accelerate the profitable development of the
overall nutrition business.
Contacts:
Media: François-Xavier Perroud Tel.: +41-21-924 2596
Investors: Roddy Child-Villiers Tel.: +41-21-924 3622



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Nestlé S.A.
Avenue Nestlé 55 Vevey

WKN: 887208; ISIN:
CH0012056047; Index: SLCI, SMI, SPI, SMIEXP;
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Author:
Hugin
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