Nestle Close to Selling Stake in European Water Business, FT Says, Citing Sources
Dow Jones07-22 22:55
-- Nestle is close to a deal to sell about half of its European water business to private-equity firm Platinum Equity, the FT reports, citing unnamed sources.
-- The deal would be structured as a joint venture and would value the unit behind Perrier water at nearly 5 billion euros ($5.70 billion), the FT reports.
-- Nestle declined to comment to the FT, while Platinum didn't immediately respond to a request for comment.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
July 22, 2026 10:55 ET (14:55 GMT)
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