Nestle SA said on Tuesday it would cut its stake in L'Oreal to about 20% by selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics brand, moving to reduce the weight of the beauty giant on its books for the first time in 7 years.
Brazilian food processor BRF SA said it will invest 55 billion reais ($9.8 billion) by 2030 to expand the business, in line with its estimate from a year ago, according to a securities filing on Tuesday.
France's largest poultry group LDC is looking at European acquisitions in or around markets where it is already present as part of its growth strategy, its head of international operations told Reuters.
Japan's Nikkei index racked up its biggest gain in more than a month on Tuesday, as worries over the impact of the Omicron coronavirus variant eased, aiding investors to buy bargains, such as SoftBank Group and travel-related stocks.