Is Nestlé deleveraging to bid on L’Oréal? Timing strangely corresponds…

“Net debt promptly fell four-fifths to SFr4bn – barely 6 per cent of equity. In contrast, rivals Danone and Unilever manage at 62 per cent and 48 per cent respectively. Nestlé plans to bring debt back up to SFr15bn over the next two years – but that may be tough.”