October 20, 2016 / 7:48 AM / 3 years ago

Nestle says UK investments long term, but weighing options on pricing

Nestle CEO Paul Bulcke attends a news conference on the world food giant's nine-month sales figures in Vevey, Switzerland, October 20, 2016. REUTERS/Denis Balibouse

VEVEY, Switzerland (Reuters) - Nestle will not adjust its investments in Britain because of Brexit before details of the country’s exit from the European Union is clear, its CEO said on Thursday, though it is examining price rises to deal with a sharp fall in the currency.

“Let’s first let the dust settle,” Chief Executive Paul Bulcke said, adding that investments in the country were for the long term.

Regarding the currency, Bulcke said Nestle’s UK team was looking at all options to deal with the fall in the pound, including efficiency efforts that can absorb part of it, and price rises.

Reporting by John Revill; writing by Martinne Geller; editing by Jason Neely

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