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Nestlé (OTCPK:NSRGY) (OTCPK:NSRGF) plans to maintain ownership of its health sciences unit, Chairman Paul Bulcke said in an interview with the NZZ am Sonntag newspaper published Sunday.
The packaged food company said last week that its former chief executive, Mark Schneider, was being… replaced by company veteran Lauren Freixe, head of its Latin American business, effective September 1.
The wellness industry has promising benefits for society, Bulcke said in response to NZZ's question about its health sciences unit.
Analysts have said Nestlé (OTCPK:NSRGY) (OTCPK:NSRGF) would benefit from the sale of the unit, whose sales this year were negatively impacted by a technology integration.
“We would not be surprised if Nestlé Health Sciences were sold in the medium term, which would be welcomed by most investors,” analysts at Zurich Cantonal Bank said in a report published on Friday.
Nestlé (OTCPK:NSRGY) (OTCPK:NSRGF) consumer brands include Gerber baby foods, KitKat candy, Haagen-Dazs ice cream and Purina pet foods.