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Nestlé considers IPO for Alcon

Nestlé announced that if an offering were to take place, it would not be until 2002 at the earliest.

Issue: November 15, 2001

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VEVEY, Switzerland — When Nestlé, the world’s largest food maker, presented its third-quarter report on Oct. 19, the company dropped the bombshell announcement that it was investigating the possibility of a minority IPO for its ophthalmic subsidiary Alcon.

In a press release, Nestlé stated it believes an initial public offering (IPO) would highlight the intrinsic value of Alcon for Nestlé shareholders and increase the financial flexibility of Nestlé and Alcon. Improving the transparency of Alcon’s growth and profitability will furthermore highlight the value of Nestlé’s continuing majority stake in Alcon, the company said.