Nestlé to sell Yinlu business in China

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Nestlé has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co. for an undisclosed sum. The company announced that it was looking to sell its Yinlu businesses in its first quarter 2020 results. The deal with Food Wise Co., a company controlled by the family of Yinlu founder Chen Qingshui, encompasses all…

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