January 22, 2018 / 2:17 PM / a year ago

Nestle investor Third Point urges company to speed up disposals

FILE PICTURE: Chocolate packets are displayed in the showroom at the headquarters of Nestle in Vevey, Switzerland, February 18 2016. REUTERS/Pierre Albouy

LONDON (Reuters) - U.S. activist investor Third Point called on the board of Swiss company Nestle (NESN.S) to clarify its corporate strategy and speed up the disposal of “ill-fitting businesses”, in a letter to investors seen by Reuters.

Third Point, founded by investor Dan Loeb, also said Nestle could accelerate and even expand its share buyback programme, the letter showed.

Reporting by Simon Jessop; editing by Carolyn Cohn

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