-- 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)
Copyright (c) 2026 Dow Jones & Company, Inc.
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