Nestle Russia unit sale outlook dims after Moscow order
J.P. Morgan analysts said Moscow’s temporary administration for Nestle’s Russian business makes a potential sale look more uncertain, citing a Danone-style precedent.
A potential sale of Nestle's Russian operations appears more uncertain after Moscow moved to place the business under temporary administration, J.P. Morgan analysts said in a research note. The situation was described as similar to what happened to Danone before the French food company ultimately sold its Russia business.