Why Nestle is selling its ice cream business

Shares in Nestle (NESN) rose 3.5% to 81 Swiss francs after the company delivered forecast-beating organic growth for Q4. The KitKat maker also said it is in advanced talks to sell its remaining ice cream business. Share price: 81 CHF PE: 19.2x Market cap: 202bn CHF Yield: 4% Under new CEO Philipp Navratil, the Swiss … Continue reading Why Nestle is selling its ice cream business