BLOOMBERG Bloomberg Daybreak Europe June 26, 2017
Loreal. Manus welcome to bloomberg daybreak europe. I am manus cranny. Anna edwards is out this week. This is the deal. There is value in water. That is what we have got here. This is the forward for nestle. It is trading at a premium. To its peers. On average, is about 4 over. This is a value creation. What does he want . He wants loreal. Mark schneider, activist shareholder could be his Worst Nightmare or create value. Sell a stake in loreal, taking 27 billion. Any 7 billion. This is rare to find a businesslike nestle with so many avenues for improvement. Set a target, the break. 80 to 20 in...
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