16 May 2019 --- Nestlé has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of CHF 10.2 billion (US$10.1 billion). Nestlé Skin Health had net sales of CHF 2.8 billion in 2018. Nestlé started exploring strategic options for its Skin Health unit in September 2018, after the company’s board concluded that the future growth opportunities of Nestlé Skin Health increasingly lie outside the group’s strategic scope. The company had come under increased pressure from shareholders to overhaul its strategy following disappointing 2017 results, with the company reporting its lowest sales growth in more than two decades.
