Nestlé Enters Exclusive Talks to Sell Skin-Health Business

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ZURICH— Nestle SA has entered exclusive talks to sell it skin-health business to private-equity firm EQT and the Abu Dhabi Investment Authority for 10.2 billion Swiss francs ($10.1 billion), its latest move to reshape its sprawling portfolio and revive sluggish growth.

The Swiss consumer goods giant said in September it was exploring options for the unit as part of a broader effort by Chief Executive Mark Schneider to reinvigorate Nestlé’s portfolio and focus more on coffee, pet care and consumer health.

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