Asiatic Sourcing Blog

Nestle Wins Clearance to Buy From China

The Chinese market is huge and creates large opportunities for entrepreneurs and businesses to expand their market. This purchase will help Nestle regain traction in the Chinese baby-food market, where it has been losing market share.

Nestle SA (NESN), the world’s largest food company, won regulatory approval in China for its $11.9 billion acquisition of Pfizer Inc. (PFE)’s infant-nutrition unit.

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Source: Rss

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