Nestle profit

Nestle shares flirt with record on 8.9 billion euros L’Oreal sale

ZURICH: Nestle shares neared a record high in Zurich on Wednesday after the Swiss food giant said it would raise around 8.9 billion euros ($10.2 billion) by selling part of its stake in L’Oreal. Shares in the owner of Nespresso coffee pods and Maggi broths rose as much as 1.97 per cent to what would be an all-time closing high

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