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.
