Garoto

FMCG multinational Nestle is currently in negotiations to sell a number of its brands, as well as brands owned by Garoto, according to a report in Valor. The sale is described as a requirement by  Brazilian antitrust authorities to approve the merger of Nestle with Garoto, which was first announced in 2004. Valor reports that Brazilian regulators are aiming to reduce Nestle and Garoto’s market share for choocolate  in Brazil – …