Nestlé Sells Half of Waters Business to Platinum Equity
Nestlé has agreed to sell half of its waters business to US private-equity firm Platinum Equity, forming a joint venture called Peranel. The deal is expected to generate €3 billion in cash for Nestlé and values the enterprise at €4.9 billion. This move aims to enhance focus on growth within the dynamic bottled water market.
Topics: Nestlé Platinum Equity private equity waters business