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Nestle CEO says any change to L'Oreal stake would have to be done very carefully

Reuters

VEVEY, Switzerland (Reuters) - Nestle's (NESN.S) new chief executive said on Thursday the company's 23 percent stake in French cosmetics firm L'Oreal (OREP.PA) was a significant and strategic asset and any change would have to be done very carefully.

"L'Oreal is a significant investment and anything you do on the equity would have to be done very prudently," Mark Schneider told a new conference, adding L'Oreal had delivered "stellar results" and was a "strategic asset."

(Reporting by Silke Koltrowitz)