Bloomberg News

Nestle Says ‘No Change’ in Commitment to L’Oreal Stake

October 20, 2011

Oct. 20 (Bloomberg) -- Nestle SA said a legal ruling on L’Oreal SA heiress Liliane Bettencourt doesn’t change an agreement the Swiss company has regarding its stake in the business, Nestle Chief Executive Officer Paul Bulcke said at a press conference today. The Swiss company doesn’t need to make a decision on its holding before 2014 and remains committed to the stake, he said.

To contact the editor responsible for this story: Dermot Doherty at ddoherty9@bloomberg.net


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