Vevey, December 14, 2005 - Nestlé S.A. announces that it has reached agreement
with Delta Holdings S.A. on the acquisition of Delta Ice Cream S.A. by Nestlé
Hellas S.A for a total enterprise value of about € 240 million. With sales of €
122 million in 2004 and four production facilities, Delta Ice Cream is the
leading ice cream business in Greece as well as in Bulgaria, Macedonia,
Romania, Serbia and Montenegro. Main brands include NIRVANA, BOSS, ALOMA and
MAGNUM, which it owns in Greece. The transaction will significantly expand
Nestlé's position in the growing ice cream market in Greece and the Balkans.
Delta Ice Cream is listed on the Athens Stock exchange and over 96 percent of
the shares are owned by Delta Holdings. Following regulatory approval, Nestlé
will acquire the 96 percent stake and make an mandatory offer to purchase the
remaining shares.
With the acquisition of Dreyer's Grand Light Ice Cream Company and Delta Ice
Cream, Nestlé continues strengthening its ice cream business worldwide.
Internal as well as external growth initiatives over the past years have
resulted in Nestlé achieving worldwide market leadership in this important
sector.