Novartis, a Swiss pharmaceutical company, sold its small food and beverage unit, which included Ovaltine brand malt drink, to Associated British Foods. Novartis used a _____ strategy with its food and beverage unit.

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Novartis used a divest strategy by selling its small food and beverage unit, including the Ovaltine brand, to focus more on its core pharmaceutical business.

Novartis, a Swiss Pharmaceutical Company, Sold Its Small Food and Beverage