Nestle Pakistan Limited’s acquisition of business
Karachi, December 03, 2012 (PPI-OT): This is in continuation of our earlier letter dated 25.10.2012.
We would like to inform you that pursuant to the global closing of the acquisition of Pfizer Nutrition business by Nestle SA on November 30, 2012, the local transfer of Pfizer Nutrition business from Wyeth Pakistan Limited to Nestle Pakistan Limited (NESTLE) has been completed.
The transfer of local Pfizer Nutrition business (inventory and goodwill) from Wyeth Pakistan Limited to Nestle Pakistan Limited has been achieved for a total consideration of the equivalent of USD 2 million (i.e. PKR 193 million approximately).
Corporate Secretariat Manager
Legal Affairs Department
Phone # 042-35988208
Cell # 0321-4422931
For more information, contact:
Nestle Pakistan Limited
308-Upper Mall, P. O. Box: 874
Lahore-Pakistan, 74200 Pakistan
Tel: (92-42) 111-637-853