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2014-05-27

Nestlé S.A.: Nestlé and Fonterra realign Latin America partnership

Nestlé S.A. / Nestlé and Fonterra realign Latin America partnership. Processed
and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
This press release is also available inFrench (pdf),German (pdf),Spanish
(pdf)andPortuguese (pdf)

...

Vevey, 27 May 2014 - Nestlé and Fonterra have agreed to redefine the scope of
their joint venture Dairy Partners Americas (DPA).

DPA was created by Nestlé and Fonterra in 2003 as a 50/50 joint venture,
manufacturing milk powder and manufacturing and commercialising chilled and
liquid dairy products throughout Latin America. For ten years DPA has
performed well, delivering value for consumers and for the partners. Now
though, the time is right to realign the partnership to better reflect the
respective strategies of Nestlé and Fonterra in the region.

The DPA milk powder factories in Brazil, Argentina, Ecuador and Colombia will
once again be owned and operated by Nestlé, as will the liquid dairy business
in Ecuador. The chilled and liquid dairy business in Venezuela will go back
to Fonterra who will operate it with a local partner. In Brazil the joint
venture continues for the commercialisation of chilled dairy, with Fonterra
taking a 51% stake and Nestlé 49%. We do not anticipate job losses as a
result of this transaction.

The revised agreement is subject to regulatory approval.

Contacts
Media: Robin Tickle Tel.: +41 (0)21 924 22 00
Investors: Tel.: +41 (0)21 924 35 09
Fonterra: Tel.: +64 21 507 072

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nestlé S.A. via Globenewswire

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