Nestlé nears 5 billion euro deal to sell 50% stake in European water unit to Platinum Equity

Nestlé is in advanced negotiations to divest a 50% stake in its European water business, including the Perrier brand, to private equity firm Platinum Equity. The deal, valued at approximately 5 billion euros, is expected to be finalized ahead of the company's upcoming half-year earnings report. This move represents a significant restructuring of Nestlé's portfolio amid ongoing operational challenges in its water division.