January 22, 2018 / 2:21 PM / in 8 months

Nestle investor Third Point urges company to speed up disposals

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.

The Nestle logo is pictured on the company headquarters building in Vevey, Switzerland February 18, 2016. REUTERS/Pierre Albouy

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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