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Nestle's CEO Says Company Still Favors Small and Mid-Sized Deals

Mark Schneider however doesn’t rule out larger deals
Company has made 85 purchases and divestments under Schneider

Mark Schneider — Mark Schneider
Photographer: Stefan Wermuth/Bloomberg

By

Thomas Mulier and

Corinne Gretler

February 17, 2022, 2:09 PM UTC

Nestle SA Chief Executive Officer Mark Schneider said the world’s largest food and beverage company is more interested in small and mid-sized deals, though he wouldn’t rule out a larger acquisition.

The company said it has made 85 purchases and divestments since Schneider became CEO in 2017. In December, Nestle raised $10 billion by reducing its stake in French cosmetics maker L’Oreal SA.