SWITZERLAND: Nestlé S.A. has created Nestlé Skin Health S.A., formed by the acquisition of 50% of Galderma Pharma S.A., which was established in 1981 as a joint-venture between it and cosmetics giant L’Oréal S.A. The Nestlé and L’Oréal boards of directors approved the decision in which L’Oréal would buy back 48.5 million of its own shares (8% of its share capital) from Nestlé, which was partially financed through the sale of its 50% stake in Galderma. Said Nestlé chairman Peter Brabeck-Letmath...