VEVEY, Switzerland (Reuters) - Nestle will disclose details of a planned share buyback when the sale of an 8 percent share in L'Oreal closes, its chief financial officer told investors on Thursday.
NESTLE (NESN.CH)said on Tuesday it was reducing its stake in L'Oreal
"We'll give details when the transaction closes," Wan Ling Martello said. Nestle said it expects the deal to close before the end of June.
She also said Nestle had no wish to return to a triple A credit rating.
(Reporting by Silke Koltrowitz)
