Nestlé is close to selling
its American chocolate bar business to Italian confectioner
Ferrero for 2.8 billion dollars, Bloomberg said Wednesday. The
Italian group has been vying with Hershey of the US to get the
US chocolate interests of the Swiss transnational group, the
world's largest food and beverage group. A deal between Nestlé
and Ferrero could be signed by Sunday, Bloomberg said. The
acquisition would enable Ferrero to strengthen its presence on
the US market after buying Candy sweets in December, an
operation that boosted its chunk of the American market to 4.8%.
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