Swiss group asked to lift proportion of nutritious food sales
Company says the coalition is targeting the wrong business

Nestle SA is facing a formal demand from some shareholders, including Legal & General Investment Management, to significantly improve the amount of healthy food the Swiss consumer group sells.

A coalition of investors, led by ShareAction, has filed a resolution asking the maker of Kit Kat chocolate bars to set an internationally accepted target to increase the proportion of sales of healthier foods, at a time of surging ill health related to poor nutrition worldwide.

For the measure to pass, at least 50% plus one vote of the registered share capital represented at the annual meeting in April would need to be cast in favor of the resolution.

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