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Nestlé Enters Exclusive Talks to Sell Skin-Health Business

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Nestlé enters exclusive talks to sell its skin-health business to a consortium led by private-equity firm EQT for about $10 billion

ZURICH—Nestlé SA has entered exclusive negotiations with a consortium led by EQT and a wholly-owned subsidiary of the Abu Dhabi Investment Authority over the sale of its skin-health unit that would value the business at 10.2 billion Swiss francs .

The move is the latest step in a portfolio shuffle launched by Chief Executive Mark Schneider that has geared the Swiss packaged food giant’s product mix toward coffee, plant-based food and vitamins.

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