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ferrero

Swiss giant Nestlé makes $2.8 bn sweet deal with Ferrero

Swiss giant Nestlé makes $2.8 bn sweet deal with Ferrero

Nestlé said on Tuesday it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio.