Trending: Nestle Buys Majority Stake in Grupo CRM
September 07 2023 - 10:06AM
Dow Jones News
1436 GMT - Nestle is among the most mentioned companies across
news items over the past six hours, according to Factiva data. The
Swiss consumer-goods conglomerate said Thursday that it has a deal
with Advent International to buy a majority stake in Grupo CRM, a
Brazilian chocolate company. Nestle, which didn't disclose
financial details, said it wants to grow its presence in the
country. Grupo CRM operates more than 1,000 chocolate stores under
the Kopenhagen and Brasil Cacau brands, Nestle said. The deal is
expected to close next year. Dow Jones & Co. owns Factiva.
(david.sachs@wsj.com)
(END) Dow Jones Newswires
September 07, 2023 10:51 ET (14:51 GMT)
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