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home / articles / nestle ups the high end gifting game buys major stak mwn benzinga

NSRGY - Nestle Ups The High-End Gifting Game Buys Major Stake In Premium Chocolate Maker Of Brazil | Benzinga

Nestle SA ADR Reg Shs Ser B

Nestle S.A. (OTC: NSRGY) inked a deal with Advent International to buy a majority interest in Grupo CRM, the Brazilian premium chocolate company, for an undisclosed amount.

A couple of publications predicted transaction value to be about R$3 billion ($602.78 million) or R$4.5 billion ($904.18 million), as per Reuters.

Grupo CRM has a direct-to-consumer model and ...

Full story available on Benzinga.com
Stock Information
Company Name: Nestle SA ADR Reg Shs Ser B
Stock Symbol: NSRGY
Market: OTC
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