Nestlé is finalizing a stake sale in its European water business to Platinum Equity at a near €5 billion valuation.
Nestlé is close to selling a stake in its European water business to private equity firm Platinum Equity, valuing the unit at approximately €5 billion. The deal would mark a significant divestment for the Swiss conglomerate as it refocuses its portfolio on higher-growth segments.
The valuation aligns with recent market expectations for Nestlé’s water assets, which include brands like Perrier and Vittel. Previous reports suggested interest from multiple buyers, but Platinum Equity has emerged as the frontrunner in negotiations.
No immediate market reaction was disclosed, though the transaction could influence Nestlé’s strategic direction and liquidity position.