PE-Backed Nestle Unit Snags Indian Milk Market Stake

Law360, New York (February 4, 2013, 4:51 PM EST) -- A private equity-backed unit of Swiss food giant Nestle SA will scoop up a substantial minority interest in Indocon Agro and Allied Activities Pvt. Ltd., it said Monday, giving it a piece of a fast-growing Indian milk market that has drawn widespread investor interest.

Through the deal, Nestle India Ltd. is set to take a 26 percent stake in the milk collection company, whose operations reach across the western part of the country. In a brief securities filing, the company did not say how much it...
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