Nestle sells NZ candy brands to Australia’s Quadrant Private Equity

Ulf Mark Schneider, chief executive officer of Nestle SA, speaks during the company's annual shareholders meeting at the Nestle headquarters in Vevey, Switzerland, on Thursday, April 6, 2017. Photographer: Michele Limina/Bloomberg

Nestle has conditionally agreed to sell its candy brands manufactured in New Zealand to Sydney-based Quadrant Private Equity for an undisclosed amount following the global food giant’s review of its confectionery business in Australia and New Zealand.

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