International Companies

Nestle to create water business JV with Platinum Equity in €3bn deal

By Michele Maatouk

Date: Thursday 23 Jul 2026

(Sharecast News) - Swiss consumer goods firm Nestle said on Thursday that it has agreed to sell half its water and beverage business to US private equity firm Platinum Equity for €3bn.
Together, the two companies will create Peranel, a joint venture for Nestle's water and premium beverages business, "designed to...

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