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Nestlé not to renew shareholder agreement with Bettencourt family, opts not to increase stake in L’Oréal

Swiss group Nestlé has said it will not renew a shareholder agreement with L’Oréal shareholder the Bettencourt family beyond March 21, and that it has no intention to increase its 23% stake in the French beauty group.

March 21 marks...

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