By  on August 28, 2013

PARIS — The suspense over what Nestlé might do with its 29.3 percent stake in L’Oréal was heightened Wednesday when the Swiss food giant’s chairman told a local newspaper that Nestlé would not extend its 10-year purchase contract with France’s Bettencourt family, which owns 30.5 percent of the beauty giant.

Peter Brabeck-Letmathe added that Nestlé wishes to keep all its options open, including the status quo.

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