 "Nestle chairman says will not extend purchase contract with L'Oreal")
The Swiss company owns a 29.5 per cent stake in L'Oreal and the expiry of a 10-year right of first refusal agreement with the Bettencourt family in April 2014 would make it easier for Nestle to sell.
"The right of first refusal will not be extended, that is clear," Peter Brabeck told the Handelszeitung newspaper, in an excerpt of an interview published on its website on Wednesday.
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