Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion
January 16, 2018 at 14:35 PM EST
LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products.