Discover your next big idea for life sciences at PACK EXPO Las Vegas
Experience a breakthrough in life sciences packaging—explore solutions from 2,300 suppliers spanning all industries, all in one place this September

Nestlé completes sale of Alcon to Novartis

Nestle yesterday completed the sale of its remaining shares in Alcon to Novartis, representing around 52% of Alcon's share capital, for USD 28.3 billion.

This content was written and submitted by the supplier. It has only been modified to comply with this publication’s space and style.

Nestlé acquired Alcon in 1977 for USD 280 million. Over the years, Nestlé supported Alcon's R&D drive and international expansion, enabling the company to build a significant global leadership position in the eye care business. Taking into account the three steps of the gradual divestment of Alcon - the initial IPO of 23.25% in 2002, the sale of 24.8% in 2008 and the sale of Nestlé's remaining Alcon shares to Novartis completed yesterday - Nestlé has realised USD 41 billion, thereby achieving full and fair value for its shareholders.

As an immediate result, Nestlé will substantially reduce its net debt position, which stood at CHF 29.6 billion at the end of June 2010. The Group will continue to capture opportunities to accelerate its development in core areas where its competences can be better leveraged and, through responsible capital management, maintain its AA rating - the gold standard credit quality in the industry - while providing a competitive return to its shareholders.

Nestlé Chairman Peter Brabeck-Letmathe: "Over the years Nestlé's financial and operational support has allowed Alcon's management to focus on its fantastic development from a minor player to global leadership in ophthalmology. I would like to thank the past and present managements of both Alcon and Nestlé for their work in building such a successful business."

Nestlé CEO Paul Bulcke: "I am happy to be part of this successful creation of shareholder value by Nestlé. This divestment of our interest in Alcon will enable our management to concentrate on accelerating Nestlé's transformation as the world's leading nutrition, health and wellness company and delivering on our promise of Good Food, Good Life."
List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO
Medical Device Innovations Report
Cutting-edge packaging technologies are transforming the medical device sector in PMMI’s “Innovation in Medical Device” report, featuring advanced materials, smart solutions, and evolving regulations. Editors share insights from nearly 300 PACK EXPO booth visits—each product deemed new and truly innovative—alongside video demonstrations of the equipment and materials on display.
Learn More
Medical Device Innovations Report