Nestle Nears $5.75 Billion Water Business Sale

Nestle is progressing with the sale of a significant stake in its international water business, including brands like Perrier and San Pellegrino. Private equity firms CD&R, KKR, and PAI are reportedly advancing to the next bidding round for a 50% stake. The deal could value the business at approximately $5.75 billion. This strategic divestment allows Nestle to streamline its portfolio and focus on core areas, while the potential buyers see an opportunity in a well-established consumer goods segment. The Financial Times reported on the ongoing negotiations.