Nestlé to sell half of waters business to Platinum Equity

Corporate Action
โดย Just Drinks·Read original
Summary · why it matters

Nestlé is to sell half of its waters business to US private-equity firm Platinum Equity under a joint-venture agreement. The Swiss food and drinks giant said it expects to gain €3bn in cash proceeds from the transaction, which gives the new entity, Peranel, an enterprise value of €4.9bn. The venture will house brands such as San Pellegrino, Source Perrier, Acqua Panna and Nestlé Pure Life, and is expected to close in the first half of next year. Nestlé had announced plans to separate its water and premium beverages operations into a standalone business in 2024.

Impact on stocks 1

Consumer Staples▲ · 1 stocks
Nestle S.A.
NESN
▲ PositiveCapitalrelevance

Nestlé sells half of waters business for €3bn cash, unlocking value and streamlining portfolio.

Off-coverage companies 2

Platinum Equity LLCPrivate▲ Positive
Capitalrelevance

Platinum Equity acquires stake in a major water joint venture, gaining control of premium brands.

PeranelPrivate± Mixed
relevance

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