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Nestlé completes sale of skin health unit

Nestlé SA completed the CHF10.2 billion sale of its skin health unit to a consortium led by Swedish private equity firm EQT Partners AB and Luxinva, a wholly owned subsidiary of Abu Dhabi Investment Authority.

The consortium also includes a wholly owned subsidiary of Canada's Public Sector Pension Investment Board, as well as other institutional investors.

The Swiss food and beverage giant began considering strategic options for the unit in September 2018 to focus resources on its core food, beverage and nutritional health segments.