Nestle (NSRGY.PK) has no plans to follow Kraft (KFT) and break up or spin off its Nespresso...

|About: Nestle S.A. ADR (NSRGY)|By:, SA News Editor

Nestle (NSRGY.PK) has no plans to follow Kraft (KFT) and break up or spin off its Nespresso coffee unit with an IPO, company Chairman Peter Brabeck tells Swiss business paper Finanz & Wirtschaft. Of Kraft's split, Brabeck calls it creating shareholder value by "financial manipulation."