Expensive assets make Nestle picky on M&A - CFO

ZURICH (Reuters) - Nestle is taking a cautious approach to growth-driving acquisitions, finance chief Francois-Xavier Roger told a financial conference on Tuesday, putting the expected volume for portfolio adjustments this year at around 12 billion Swiss francs (10.03 billion pounds). "We have to be very careful because asset prices are very expensive. By having a very disciplined M&A policy, we managed to improve our return on invested capital over the last four years," he said, noting..