# Nestlé sells 60% stake of Herta to Casa Tarradellas

Nestlé agreed to sell a 60% stake of Herta to Casa Tarradellas and create a joint venture for Herta charcuterie and dough business in six European countries, valued at EUR 690 million. Nestlé will retain the Herta vegetarian business. Closing is anticipated in the first half of 2020.

- Type: Acquisition
- Announced: 2019-12-19
- Where: Spain
- Value: $765.0M (690.0M EUR)
- Status: announced
- Products: charcuterie, dough
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Nestlé](https://endata.com/companies/3484.md)
- [Casa Tarradellas](https://endata.com/companies/44064.md) (acquirer)

## Sources

- [nestle.com](https://www.nestle.com/media/pressreleases/allpressreleases/nestle-herta-joint-venture-casa-tarradellas), 2019-12-19: "Nestlé today announced that it has agreed to sell a 60% stake of Herta to Casa Tarradellas."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.