Bloomberg reported in July 17 that Nestle has narrowed the bidding list of Yinlu Food Group, a subsidiary of China, and the bidding of this group can reach at least 400 million US dollars (about 2.795 billion yuan). Master Kong Holdings, China Resources Beer and Dali Food have been selected for the next round of bidding.
In early April, Nestle disclosed in its financial report for the first quarter of 2020 that Nestle's board of directors had decided to make a strategic evaluation on the business of Yinlu peanut milk and Yinlu canned eight-treasure porridge in China, including the possibility of sale. Its purpose is to ensure the long-term growth and success of Yinlu business. Nestle will keep its ready-to-drink coffee business, which is currently filled and distributed by Yinlu. This business is the engine to promote Nestle's strategic growth, and Nestle will continue to invest heavily in this brand in China.
In response to media reports on bidders and bid amount, Nestle pointed out in an interview reply, "We don't comment on market rumors." In addition, Nestle's board of directors reiterated and emphasized the strategic importance of the China market to the Group. Nestle pointed out that at present, Nestle has 365,438+0 factories, 3 R&D centers and 4 product innovation centers in Greater China. The Group has invested a lot in this field and has seen great opportunities for continuous investment and sustainable growth.
In the reply, Nestle said that in the past, Nestle had a positive commitment to Yinlu and put it into business development. At present, Nestle's board of directors believes that it is timely to conduct a strategic review to obtain the next growth. This is part of Nestle's continuous efforts to achieve long-term success in Greater China and realize the overall value of Yinlu business.
According to public information, Yinlu Food Group Co., Ltd. was established in 1985, mainly engaged in the production and sales of canned food and beverages. 20 1 1, Nestle acquired 60% equity of Yinlu for1500 million yuan. After two holding, Nestle finally acquired 0/00% equity of Yinlu/KLOC. At present, Yinlu has five production bases in Xiamen, Shandong, Hubei, Anhui and Sichuan, including eight-treasure porridge, peanut milk and ready-to-drink coffee introduced by Nestle.
Nestle's 20 19 financial report shows that during the reporting period, Nestle's sales revenue in Greater China was 69.1300 million Swiss francs (about RMB 48 1.2 1 100 million yuan). Among them, the sales of Yinlu business is about 654.38+0 billion Swiss francs (about 696/kloc-0.0 billion yuan), and the sales of peanut milk and eight-treasure porridge account for about two-thirds of Yinlu's overall business. (Zhongxin Jingwei APP)
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