Nestle commits 2 billion reais in Brazil through 2028
Nestle committed 2 billion reais (about $393 million) to Brazil’s health-and-nutrition market through 2028, including a 600 million-real infant-formula factory in Minas Gerais.
Nestle (NSRGY) traded at $96.2901 as it committed 2 billion reais, or roughly $393 million, to Brazil's health-and-nutrition market through 2028. The plan includes a 600 million-real infant-formula factory in Minas Gerais, described as the centerpiece of the investment.