Nestle's Water Business Stake Sale Could Value Unit at Around $5.76 billion, FT Says, Citing Sources

Dow Jones03-27
 

-- Nestle's sale of a stake in its water business is progressing, the FT reports, citing unnamed sources. Its water business is home to brands including Perrier and San Pellegrino.

-- Investment groups CD&R, KKR and PAI are in the next round of bidding for a 50% stake in the unit, according to the FT. This could value the whole business at around 5 billion euros ($5.76 billion), the FT reported.

-- Another firm, Platinum Equity, has also shown interest in the deal, the FT reported.

-- Nestle, CD&R, KKR and PAI declined to comment to FT. Platinum didn't immediately respond to a request for comment.

 

Full story: https://tinyurl.com/37ca6ptm

 

Write to Aimee Look at aimee.look@wsj.com

 

(END) Dow Jones Newswires

March 27, 2026 10:22 ET (14:22 GMT)

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