Nestlé has announced plans to sell its canned liquid milk businesses in South East Asia to Singapore-based company Fraser & Neave Holdings.

As part of the deal, F&N will take over the manufacturing and distribution under licence of Nestlé canned liquid milk products in Thailand, Malaysia, Singapore, Brunei and some other countries in the region from 1 February 2007.

Nestlé said: “This agreement will enable Nestlé to further sharpen its focus on higher value-added branded products, thereby accelerating our move towards nutrition, health and wellness.”