Nestlé spins off waters unit into $5.6B joint venture with Platinum Equity
The deal for half of Nestlé's water business, valued at up to $5.6 billion, comes with naming and valuation details from various sources.
Pavel Danilyuk
Nestlé has spun off its waters unit into a joint venture with private equity firm Platinum Equity, selling half of its water business. The transaction's valuation is reported differently by various sources, with one citing a total joint venture value of $5.6 billion and a deal value of $3.4 billion, suggesting a partial stake sale.
Total valuation of the joint venture, according to some reports.
Deal value reported separately, potentially for the stake sold.
It has been reported that Nestlé will raise €3 billion from the spin-off, and that the stake in its Perrier unit alone is valued at €5 billion. However, these figures come from a single source and have not been independently confirmed.
The joint venture is expected to be named Peranel, according to one report. This information has not been corroborated by other sources.
Economics Correspondent · Talivio News
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