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Nestle Nigeria Plc is a publicly listed food and beverage specialty company headquartered in Lagos. It's mostly owned by a holding company based in Switzerland and have ties to the company Tolaram Group. The company was founded in 1961 and conducted trading under the name of Nestle Products Nigeria Limited.
The sale was to form part of a broader US$39.3 billion offer by Novartis for full acquisition of the world's largest eye-care company. [46] On March 2, 2010, Nestlé completed the purchase of Kraft Foods 's North American frozen pizza business for US$3.7 billion , which included brands such as DiGiorno , Tombstone , and California Pizza Kitchen .
Nestlé owns 23.29% of L'Oréal, the world's largest cosmetics and beauty company, whose brands include Garnier, Maybelline, Lancôme and Urban Decay. Nestlé owned 100% of Alcon in 1978. In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange.
Company Industry Market cap (US$ millions) 1 Dangote Cement: Cement 11,203 2 MTN Nigeria: Telecommunications 10,471 3 Airtel Nigeria: Telecommunications 6,903 4 BUA Cement: Cement 5,759 5 Nestle Nigeria: Agroindustry 2,658 6 BUA Foods: Agroindustry 2,575 7 Zenith Bank: Banking 1,691 8 Guaranty Trust Holding Company PLC: Finance 1,585 9 First ...
A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are typically large and multinational corporations that manage diverse business operations across various sectors.
2005: Nestlé Waters further develops its business on the African continent via the launch of Nestlé Pure Life in Nigeria and the creation of a partnership in Algeria 2006: Nestlé Waters acquires the majority shares in Erikli and becomes the Turkish market leader. [citation needed]
The company is headquartered in Gurgaon, Haryana. The company's products include food, beverages, chocolate, and confectioneries. [6] [2] [3] The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd. [7] [8] As of 2020, the parent company Nestlé owns 62.76% of Nestlé India. [5]
Nestlé Pakistan Limited (/ ˈ n ɛ s l eɪ / NESS-lay), a subsidiary of the Swiss multinational Nestlé, is a leading food and beverage company based in Lahore, Pakistan. [2] It produces and markets a diverse range of products, including dairy, confectionery, coffee, beverages, infant nutrition, and bottled drinking water.