The Wall Street Journal quoted “two people familiar with the matter” who said the business was for sale, and added that Nestle Australia was being advised by J.P Morgan and could realise the 12x earnings before interest and tax (EBIT) sale figure cited above.
But asked about the story, a Nestlé Australia spokeswoman told DairyReporter.com:“Our comment is as follows – Nestlé does not comment on rumour or speculation.”
Brands sold in Australia include Icy Pole, Skinny Cow, Monaco Bar, Drumstick, Billabong, Connoisseur, and Eskimo Pie, and according to the paper, Nestlé Peters is expected to post earnings before interest and tax (EBIT) of AUS $27.5m in 2012.