GERMANY: Nestle sells stake in logistics group
The sale is being made to a group of German brewers, which include Krombacher, Radeberger and Warsteiner Brauerei Haus Cramer KG. The deal is expected to be completed by January 2004, with a definitive contract signed this October.
Nestle Waters Deutschland's remaining stake of 46% will be further reduced in the coming years.
Trinks 2002 sales reached about €1 billion and the group distributed 1.3 billion litres of drinks.
The deal is subject to regulatory approval and will have no impact on jobs.
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