--Nestle is set to enter exclusive talks with a consortium led by private-equity firm EQT for the sale of its skin-health business, in a deal that could be worth as much as $10 billion, the Financial Times reports, citing unnamed sources.

--EQT's offer was part of a competitive auction process that also featured bids from KKR and a consortium led by Advent International and Cinven, the FT says, citing the sources.

--The exclusive talks with EQT don't guarantee a deal and it could still come undone, according to the FT.

Full story: https://on.ft.com/2Q4DaXx

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

May 15, 2019 11:44 ET (15:44 GMT)

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