Nestle weighs reducing exposure to ice cream business, Bloomberg News reports

Core Viewpoint - Nestle is considering reducing its involvement in the ice cream business, including a potential reduction of its stake in the Froneri joint venture, as it reviews various options [1]. Group 1: Company Actions - Nestle is evaluating options to decrease its presence in the ice cream sector, which may involve selling some of its fully-owned ice cream operations to Froneri [1]. - The company has not provided any comments regarding these deliberations, and Froneri has not responded to inquiries [1]. Group 2: Froneri Joint Venture - Froneri, a joint venture between PAI Partners and Nestle, was recently valued at 15 billion euros (approximately $17.69 billion) following investments from Goldman Sachs and the Abu Dhabi Investment Authority [1]. - PAI Partners may consider increasing its stake in Froneri if Nestle opts to reduce its shareholding, or Nestle could sell part of its stake to other investors like ADIA [1]. Group 3: Market Context - Froneri produces well-known ice cream brands such as Haagen-Dazs and Rowntree's, and it competes with the newly independent Magnum Ice Cream Company, which separated from Unilever last year [1].